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BSE Sensex rises in choppy trade
Downgrades in earnings loom for Sensex firms
The risk of further downgrades in earnings has increased, thanks to Thursday's lower GDP numbers. The consensus Sensex earnings for financial year 2013 have already been lowered by about 14 per cent in last one year to about Rs 1,280 currently (see chart: Different earnings scenarios). At current levels, the market is building expectations of Sensex earnings growing in the region of 16 per cent in
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