According to the financial services major, FY13 Sensex EPS has been downgraded from Rs 1,510 to Rs 1,175, and FY14 Sensex EPS is likely to be downgraded to below Rs 1,300.
According to the foreign brokerage major, after two quarters of 'near-zero' growth aggregate headline profit for Sensex companies, it is expected to show a weak recovery.
Analystsare showing optimism in Sensex EPS growth after double digit growth in the second quarter of current year.
Motilal Oswal of Motilal Oswal Financial Services tells Puneet Wadhwa why he thinks the current market levels will sustain.
Fall in crude prices has eased interest rate worries and that expectation of good Q2 is already factored in the prices.
Experts say the BSE Sensex could rise to around 32,000 in a year.
Sensex is now as expensive as in early 2008
The BSE Mid-and Small-cap indices outperformed their larger peers rising 72 per cent and 52 per cent, respectively, during Samvat 2070.
The index is more expensive than it was at 2014-end or when it hit a life-time high in January.
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
Indian companies typically have higher return on equity.