Mark Mobius, executive chairman, Templeton Emerging Markets Group, is positive on India and believes the Indian economy is on a strong footing
Bankruptcy Code will consolidate existing laws related to liquidation and sick industries
'The focus is more on the outlook for global growth'.
While the Budget might have been a sentiment booster for the sector, firms with market dominance emerge as favourites.
So long as there are concerns about world trade, growth and oil prices, the domestic market will remain volatile.
The management, however, is a bit wary about near-term performance.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
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Theoretically, there is an inverse relationship, but other factors need to fall in place for it to work well this time
When there is panic, you get an opportunity to get your hands on some of the good stocks.
Over the past two decades, India has evolved economically as well as from the market's perspective.
In the December quarter, Sensex earnings had contracted 5 per cent.
'There is no change in the overall story of economic recovery.'
India Inc did not perform well during December quarter.
When big offers hit the market, broader indices corrected 2-4%
Half of the sharp rise in stocks in 2014 was driven by re-ratings - rise in price-to-earning ratios on hopes the new government would turn around the economy which will reflect in corporate earnings.
Higher growth, reform bets have boosted returns but leave limited room for error.
These companies had an accumulated loss of Rs 55,656 crore (Rs 556.56 billion) in 2012-13.
The first was wholesale funded banks and non-bank finance companies.
Experts believe there are more such decisions in the offing, which along with a recovery in economic growth and India Inc.
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