sharper-than-expected economic recovery back home, analysts say, can fuel a further rally in domestic cyclicals, industrials, and financials as global central banks continue with their easy money policy.
The central bank gave 11 entities licences to start payments banks.
Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
IT sector has lots of hope from the Union Budget 2014-15.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
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Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
Sales expansion also down 4.4%
India has more service companies, such as IT and healthcaresectors, which always trade at a premium to the overall market.
A full-blown recovery remained elusive for India Inc in the July-September quarter, even as it overcame the challenge of achieving profitable growth.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
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