Sense and Sensex

While Prime Minister Manmohan Singh has injected some realism into the GDP growth projections for the current year (FY12 will see 7% growth, he said at the Pravasi Bharatiya Divas), expect a slew of poor corporate results over the next few months in keeping with this new reality. High interest rates, moderate sales despite Q3 being the traditional festival season and the impact of the sharp rupee depreciation are all likely to take their toll—Infosys and HDFC will declare their results on January 12 and this will be an important indicator for how the rest of the results season will pan out.

Read Full Story>>