BSE SENSEX Expected Earnings for FY 2014 is Rs 1348 and for FY 2015 is Rs 1558.
Despite all-time highs, market is trading at a discount to long term averages![](http://www.dalalstreet.biz/mag/wp-content/uploads/2014/03/sensex-p-e-chart.jpg)
Realistically we expect SENSEX Earnings to be Rs 1300 and Rs 1500 for FY 14 and FY 15 respectively.