No Diwali cheer for second quarter earnings Leading Indian brokerages have forecast that net profits for the Sensex companies would shrink or at best stay flat this September quarter, compared to the same period last year. The most optimistic of them expect total profits for the Sensex basket to inch up one per cent; the most pessimistic expect a 16.5 per cent profit fall.
Results This Week:- 14-Oct-2009 HDFC Bank Sonata Software Motilal Oswal Financial Services Parsvnath Developers Transformers and Rectifiers Ashapura Minechem Bajaj Finserv Infotech Enterprises Camlin Rallies India Container Corporation Gandhi Special Tubes IndusInd Bank KCP Sugar Maharashtra Scooters Gruh Finance 15-Oct-2009 Bajaj Auto Reliance Industrial Infrastructure Jindal Saw Jaiprakash Hydro-Power Merck Alembic KPIT Cummins Infosystems Bajaj Holdings CMC State Bank of Bikaner Wyeth Balaji Telefilms 16-Oct-2009 TCS Ultratech Cement Television Eighteen IBN18 Broadcast Monsanto India Raj Television Network BASF India Emkay Global Financial Services Prime Focus VST Industries GTL Infrastructure State Bank of Mysore The BSE Sensex is poised to touch the 19000-mark in 2010 fueled by global equities’ rising growth premium, favourable demographics, diminished policy risks and inexpensive valuations of Indian stocks. Prabhudas Lilladher(PL), a leading equity research and brokerage firm for FIIs, said in its ‘India Equity Strategy´ report that Indian equities were on a long-term bull phase. http://www.livemint.com/2009/09/29120255/Sensex-to-touch-19000mark-in.html CLSA cuts Sensex EPS target by about 10% http://www.moneycontrol.com/news/market-outlook/clsa-cuts-sensex-eps-target-by-about-10_359930.html