According to global equity research firm CLSA, the Indian market is still trading with a 'premium', although it has come down considerably.
The share price of Infosys Ltd came under pressure on Wednesday as global equity research firm CLSA said its stock could fall 40% from the current levels in 12 months.
Indian stock markets have developed a resilience to political hurdles, reforms and have aligned to global cues which decide the direction of their movement, a report by a leading investment bank has said.
Giving another boost to the great Indian growth story, seven domestic firms have been named as the emerging global challengers to the world's leading blue chips by the global equity research major Standard and Poor's.
New mobile subscriptions in India are likely to surge 50 per cent in 2007 from the previous year, mainly driven by growth in the ultra low cost market, global equity research firm Citigroup forecasts.
The robust earnings, shown by corporate India in the first half of this year, may not sustain the momentum due to slowdown in performance of IT and telecom sectors, making it difficult to match the forecasted growth for the entire fiscal.
The government's decision to pass on the rise in oil prices to consumers not only inflates their petrol and diesel bills, it also fuels concerns over a possible economic recession, analysts said.
The global equity research firm said in its weekly market analysis newsletter that investors' concern over commodity prices are overblown, while no fresh rate hikes are likely in the coming months.
Global equity research firm Standard & Poor's has projected a significant jump in the American Depository Receipts
Adjusted gross revenue of the industry has grown just 5.3 per cent during the financial year ended March 31
The first new product to be developed and introduced under Chief Executive Officer Tim Cook's reign is a wearable device
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