The market has opened firm with the Nifty scaling 8800. The 50-share index is up 37.20 points or 0.4 percent at 8806.35 while Sensex is at 285449, up 116 points or 0.4 percent.
Timothy Moe, Goldman Sachs said, "We remain overweight India as cyclical upturn and profit recovery appears underway. We expect Indian corporate earnings to grow 10 percent this year and 14 percent next year, highest within the region."
