Religare Capital Market does not estimate FY17 to be as bad as FY16 for HUL. The house, he said is building in a 12 percent growth for HUL for FY17, said Varun Lohchab.
Prabodh Agrawal of IIFL Institutional Equities has sharply reduced this year's Nifty earnings estimate to 8 percent from 16-17 percent at the beginning of the year
Manishi Raychaudhuri, MD & Asian Equity Strategist at BNP Paribas Securities says till the next set of data points come through in first half of January; the market would continue to behave this way.
Despite a surprising IIP jumping to 2.6 percent, Leif Eskesen is not very hopeful of a revival in the economy. He feels that low domestic demand is a cause of worry for India.
A report recently released by CRISIL Research finds that India Inc will not fare too well this earnings season.