The Sensex rose 79.41 points to 27586.12 and the Nifty climbed 27.85 points to 8346.85. About 849 shares have advanced, 453 shares declined, and 91 shares are unchanged on the BSE. 09:25am FII View: Neelkanth Mishra, Credit Suisse said while few doubt the medium-term potential of India, the stagnation year to date has been driven by investors worrying about acceleration in earnings cuts, slowing economic momentum in India, rebound in oil price & fears among some investors that rising yields in EU & US could create a 2013-like situation in India.
These seem to be turning, he feels. The pace of earnings cuts has already bottomed and to improve further as the low oil/metal prices are now in the base.
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