The initial result previews published by research houses suggest that the process of earnings downgrades is bottoming out. About a year back, the analysts were expecting the FY13 earnings for the Sensex at Rs 1,370. This now stands at Rs 1,260. A combination of global uncertainties, a weak rupee and slowdown in the Indian economy has led to an almost 8 per cent downgrade in Sensex earnings for 2012-13, over the past one year. However, experts now believe there is limited scope for further downgrades.
|Gold Rate in Chennai||Rs. 28990.00 (0.03%)|
|Gold Rate in Mumbai||Rs. 29790.00 (-0.57%)|
|Gold Rate in Delhi||Rs. 29550.00 (0.17%)|
|Gold Rate in Kolkata||Rs. 29690.00 (0%)|
|Gold Rate in Kerala||Rs. 28150.00 (0%)|
|Gold Rate in Bangalore||Rs. 28400.00 (0.35%)|
|Gold Rate in Hyderabad||Rs. 28990.00 (0.17%)|