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While cost pressures could partly offset the expected gains, given the currency hedging by companies the gains will not accrue immediately.
India Inc will report good set of numbers in Q4.
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
The December quarter, generally a soft one for India's IT sector due to holidays and furloughs in certain sectors, is expected to be further affected because of currency volatility.
Markets end higher ahead of Fed outcome, China stimulus
In the December quarter, Sensex earnings had contracted 5 per cent.
Agricultural incomes can be taxed without hurting farmers, as a substantial section - the small and marginal ones - will remain outside the tax net simply because their incomes are likely to be below the basic exemption limit of Rs 250,000 per annum that is extended to all taxpayers in India, finds out Ishan Bakshi.
Companies from the capital goods space will under-perform.
Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled.
Most experts said indices would open higher on Monday and rally might sustain for a few sessions
A glance back at some important events that occurred in 2018.
'There is no change in the overall story of economic recovery.'
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