Despite slowdown, smaller firms attract growth capital.
Analysts cautious on outlook, expect earnings to remain under pressure over medium term.
Higher interest rates in the US do not necessarily coincide with capital outflows.
Food and fuel are two perennial areas of concern.
The RBI cited lower-than-expected inflation, weak crude prices and weak demand, as well as the government's commitment to sticking to a fiscal deficit target as reasons.
However, the budget arithmetic is slightly optimistic.
A sluggish economy and stalled bureaucratic decision-making for the past two years thwarted capital investment and dented earnings, making it tough for the companies to raise funds.
With buyers playing safe, projects such as Delhi-Gurgaon Expressway find it difficult to get new concessionaires
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
Tight liquidity will hit over-leveraged and cash-hungry companies, spare conservative ones