Corporate earnings boost could give more legs to market rally: Experts

The stock market rallied 5 per cent on Friday - its biggest single-day stride in over a decade

The Indian markets will add to the historic gains made on Friday with most analysts revising upwards the Sensex targets as they see the tax cuts boosting corporate earnings significantly. Over the weekend, most of the brokerages have hiked the earnings estimates for the top-tier companies by an average 10 per cent and also revised upwards the index targets by a similar quantum. 

The markets had rallied 5 per cent on Friday — their biggest single-day stride in over a decade. Experts say there is a scope for the markets to rally another 5 per cent from current levels as investors,