Though the swing was largely because of external factors and exceptional gains and losses, it boosted the index's headline earnings and EPS
Cement makers and metal producers clearly show the impact of an uptick in prices of their products and a fall in costs boosting their profitability
Index has rallied close to 50% from its March lows even as underlying EPS has fallen about 20%
The company had posted a net profit of Rs 77.58 crore in the year-ago period, according to the regulatory filing
Analysts would track the management's commentary on Covid-19 related impact, traction in deposits post investment in YES Bank, movement of reported GNPAs, and moratorium utilised by customers
Analysts at MOFSL believe the Mumbai-based bank's credit cost may stay elevated led by higher slippages. Besides, asset quality could witness some pressure along with modest loan growth.
US companies are likely to cut capex plans by $900 billion (4 per cent of gross domestic product), trim spends on buybacks and mergers & acquisitions (M&As) by around $600 billion (3 per cent of GDP).
Though estimates for FY18 have been slashed by 40%, analysts expect more downgrades in 3-6 months
In aftermath of demonetisation, plus other uncertainties, investors might have to lower their earnings expectations for FY17 and FY18