May 22 Rally

Taking the average price earnings multiple of the last decade and a reasonable earnings growth of 8-9 per cent, Sensex can go to 28,000 in FY17, Mr Mukherjea said.

A Thai student was today charged over a peaceful anti-coup protest in Bangkok last month, her lawyer said, as dozens of activists gathered in support of other demonstrators summoned by police.

The BSE Sensex dropped sharply since the talk of tapering started on May 22 and the fall was exacerbated by the slide in the rupee. Then a relief rally swept through after the Fed postponed tapering of its stimulus and as the rupee recovered dramatically. Despite all the twists and turns, markets have hardly moved year-to-date (2%). But now, analys...

Taking the average price earnings multiple of the last decade and a reasonable earnings growth of 8-9 per cent, Sensex can go to 28,000 in FY17, Mr Mukherjea said.

A Thai student was today charged over a peaceful anti-coup protest in Bangkok last month, her lawyer said, as dozens of activists gathered in support of other demonstrators summoned by police.

The BSE Sensex dropped sharply since the talk of tapering started on May 22 and the fall was exacerbated by the slide in the rupee. Then a relief rally swept through after the Fed postponed tapering of its stimulus and as the rupee recovered dramatically. Despite all the twists and turns, markets have hardly moved year-to-date (2%). But now, analys...