Sensex in green, JSW climbs higher.
After 3 weeks of consecutive rally, this week was a breather for the index, which corrected by almost 1.5%.
Duty cut on raw material imports are not likely.
Any change in rates would mean more volatility; else, poll outcome-fuelled rally expected to continue.
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
With their balance sheets under stress, private companies have lost interest in them.
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
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