US fires missiles into Syria Impacts on Stock Market

The Indian rupee opened lower by 18 paise at 64.69 per dollar versus previous close 64.51. 

 

As equity benchmarks climb to fresh record highs, skeptics have raised concerns on the fundamentals of the rally and whether earnings growth will see a pick up or not.

The 30-share BSE Sensex was down 149.99 points at 29,777.35 and the 50-share NSE Nifty fell 47.30 points to 9214.65.

 

But Enam Holdings is upbeat on earnings growth and believes that it will grow 20 % in the next year as interest rate transmission will have an impact on them. Results in the previous quarter (Q3) weren’t bad either, Sridhar Sivaram, Investment Director at Enam Holdings told CNBC-TV18 in an interview. In fact, earnings going forward will surprise the Street.

 

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