Many analysts find market expensive, even at current levels.
NTPC to be the worst hit, stock slides to five-year low on announcement.
For equity investors, the risk-to-reward ratio is worsening.
Sales expansion also down 4.4%
In India, bond yields have fallen nearly 70 basis points in the last one year.
A full-blown recovery remained elusive for India Inc in the July-September quarter, even as it overcame the challenge of achieving profitable growth.
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
Investors turn their attention to export-driven sectors.
This was even as the country's economy grew by 7.3%.
Higher crude oil prices also translate into better corporate earnings for India's top companies
This is largely on the back of Tata Steel's expansion at Kalinganagar, as well as JLR's in China and Brazil
World trade has been growing slower than world GDP since 2012.
Indian CEOs might like to make some serious course correction.
Corporate India at present is more indebted than all state govts put together.
Fourteen per cent of the $16 billion invested by Ratan Tata in M&As abroad has been written off by his successor.
Stock prices is due to valuation expansion
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Revenue yield on every rupee of investment fell to Rs 1.06 in FY13 from Rs 1.20 in FY08.
Adani Enterprises plans to invest a total of $25 billion in the next five years.
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Investors often forget that the movements in indices such as the Sensex reflects the performance of its constituent stocks; nothing else.
The regulator is unhappy with the exchange in the market crash case that occurred in 2012.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
