The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has projected indices of BSE and NSE would respectively touch 20,000 and 6,000 mark by January 2010 due to continuously rising business confidence of investors and FIIs in Indian economy and more than expected financial performance of India Inc in Q2 of current fiscal which is likely to go on in near future too.

In its analysis of stocks by early 2010, the ASSOCHAM states that it does not subscribe to a view that Indian stocks are overstretched and need correction since all most all financial parameters and indicators show continued growth and competitiveness in almost all major sectors of economy and thus optimism should continue to prevail to push up significantly stocks further.

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CRISIL today announced its entry into equity research at a function in Mumbai. CRISIL IER released the first set of CRISIL’s Independent Equity Research (IER) reports. Through IER, CRISIL will provide independent assessments on the fundamentals and valuations of listed Indian companies.

Commenting on the new service, Ms. Roopa Kudva, Managing Director and CEO, CRISIL Ltd, said, “This initiative is part of our constant endeavour to serve the market with innovative offerings. Through CRISIL IER, we aim to deliver high-quality independent equity research, and expand the coverage available for small and mid cap companies.”

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