Wednesday, 7 June 2017

Sensex, Nifty open moderately higher ahead of RBI policy outcome

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Inventory adjustments could lead to some near-term volatility in earnings, market will look through such transitory phenomena and focus on the benefits of GST.

FY18 EPS estimates for the Nifty are at Rs 505; FY19 at Rs 606, implying a 18 percent CAGR earnings growth between FY17-19.

The brokerage house has assigned a year-end target of 10,200 for the Nifty.

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