CLSA sees Sensex EPS growth of 26% in FY09

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CLSA sees Sensex EPS growth of 26% in FY09

CLSA sees Sensex EPS growth of 26% at Rs 1,021 for FY09, reports CNBC-TV18. Domestic life insurance companies will pump in USD 15 billion in 2008, it said. "Premium valuations to sustain despite USD 15-20 billion equity pipeline in H1."

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See what other FIIs are saying about the markets See what other experts are saying about markets See what Udayan Mukherjee is saying about the markets Reliance Media BSE | NSE 31/05/12 Are Mutual Funds betting on Reliance Media? Other Stocks in this news Apollo Hospitals Enterprises | Bharti Airtel | Bharat Heavy Electricals | Container Corporation of India | CESC | Indian Oil Corporation | ITC | Jet Airways | Maruti Suzuki India | Sintex Industries | Tata Consultancy Services | Tata Motors | Tata Power Company | Welspun India |

CLSA sees Sensex EPS growth of 26% at Rs 1,021 for FY09, reports CNBC-TV18. Domestic life insurance companies will pump in USD 15 billion in 2008, it said. "Premium valuations to sustain despite USD 15-20 billion equity pipeline in H1."

According to CLSA, rising infrastructure spending and structural factors are driving consumption growth. "India will maintain an over 8% GDP growth in FY10. The growth in GDP will support strong equity inflows and offset large IPO pipeline."

It is bullish on Bharti Airtel , BHEL , ICICI Bank , ITC , and Tata Power . It has added Zee , Tata Motors , Sintex , Jet Airway , Container Corporation of India , CESC , Apollo Hospitals , Infosys , and Purvankara to its model portfolio. While the deletions to its model portfolio include IOC , Adlabs , Maruti , Welspun , and TCS .