There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
A total of 183 stocks rallied 10 per cent, of which 32 stocks saw price appreciation of 20 per cent each.
Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates
The adjustment orders for AY2012, are expected between January and March 2016.
Only six sectors are likely to report good set of numbers in Q4 FY15.
Given the developments, analysts do not foresee a quick recovery.
The year 2014 has been one of the best for investors in the equity markets.
The market direction will be guided by corporate earnings, especially the oil & gas companies, since they were responsible for earnings disappointment in the past quarter as well.
Analysts expect global markets to remain in consolidation mode with a negative bias over the next six months.
There are a few factors that can spoil the party
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Over the past four quarters, the Sensex companies' earnings trajectory has improved sharply because of a weak rupee.
Foreign investors are betting top dollar on the country as growth is likely to recover at a time when other emerging markets are battling macroeconomic adjustments.
India has more service companies, such as IT and healthcaresectors, which always trade at a premium to the overall market.
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
The referendum will have long-term implications for Indian companies, which earn a substantial portion of revenue from the region.
It's also important to understand the rationale behind choosing particular stocks and when to sell.
Higher growth, reform bets have boosted returns but leave limited room for error.
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