Analysts say there is still no visibility of earnings improvement.
Most Asian markets were trading weak on Monday.
ITC's net profit grew the fastest, followed by HUL and Asian Paints.
Experts suggest domestic factors rather than the Greece crisis would determine the course of the Indian equities.
China now world's second largest share market, India is 7th
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
Chances of a sudden collapse in the Shanghai Composite are remote.
Tata Steel and Tata Chemicals under investor watch
If financials and oil sectors were removed, India Inc has done quite well.
Premium valuations era started in 2006 and went hand in hand with decline in the US interest rates
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
There, however, has been an improvement in operating margins.
Experts say the BSE Sensex could rise to around 32,000 in a year.
Sensex, Nifty put up a good show in closing trade.
Through the past 12 months, the Bank Nifty has risen 55%
In the first six months of the year, the average number of deals a month stood at 1,264, against 1,484 in the six months ended December 2012
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
The road ahead for the markets in the short term will depend on external factors rather than domestic developments.
With mutual funds, promoters turning net-buyers, foreign investors may have to bid up prices to raise holdings.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
23 Nifty companies reported an annual decline in net profit.
The Sensex ended in red on domestic concerns.
In five years, royalty payments have grown 31.1% yearly, much faster than rise in revenue and profit.
In India, bond yields have fallen nearly 70 basis points in the last one year.
The Sensex ended lower on unfavourable cues.
Leverage ratio falls to under 1; but group heavily dependent on TCS & Tata Motors.
More than 10% (40 of 498 companies) have lost at least half their market value.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
The analysis is based on the free-float market capitalisation.
There are a few factors that can spoil the party
This weakness is likely to continue in the near-term.
That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
Sales expansion also down 4.4%
Players like UltraTech Cement more expensive than ITC and HUL; others catching up fast.
Patanjali, to a large extent, has penetrated the target group for its products. As a result, increasing the consumer base and revenue by 100 per cent in FY18 will be a stiff challenge.
The amount is around a fifth of the cumulative investment in fixed assets by these companies.
IT companies account for a third of the entire dividend pot this year