Corporate India's earnings in the past two quarters were largely driven by the rupee's sharp fall versus the dollar in the second quarter of this financial year.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Under MRA, Japan is to recognise Indian medical degrees and treat the country's doctors and other medical personnel on par with its own.
Sensex dull at close, Infosys rules, ITC drags.
Sensex gained nearly 0.4% or 96 points at 26087 level while Nifty ended up by 42 points or 0.5% at 7,791.40 level.
Movement of rupee and crude oil prices will also dictate the trend
Sensex eneded 374 points higher on rate cut expectation from the RBI.
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head - Equity Research (Retail), Anand Rathi Financial Services Ltd, answered some important questions on the market.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
The Nifty had hit its third successive record high of 7,922.70 today.
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
Going by the current pace, IT firms are likely to exceed the manufacturing sector in salary payouts over the next five years.
The sharp fall in the rupee's value against the dollar during the July-September quarter, it turns out, has come as a boon for corporate earnings.
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Cumulatively for the first two quarters till now, the advance tax collections from the Mumbai zone, which contributes over a third of the income tax collections nationally, have grown 11 per cent, the official said.
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Net profit grew 25.4% in Q4 but revenue growth, lower at 8.5%, suggests lack of volume expansion.
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