The Sensex may touch 25,500 by December 2008, says Girish Pai of ICICI Securities, on CNBC-TV18. So the brokerage is bullish on the market with a year's perspective, he adds. The Sensex target is based on 21 times one-year forward PE, he explains. The brokerage also expects earnings growth and PE multiple expansion, he says. The Sensex may trade in rhe range of 17,000-26,000 over the next one year.

GDP for Q2 has been recorded at 8.9% versus 10.2%, YoY, reports CNBC-TV18. Q2 Manufacturing growth is at 8.6% versus 12.7%, YoY. Q2 Industry growth is at 9.1% versus 11.3%, YoY. Farm growth is at 3.6% versus 2.9% and Mining growth is at 7.7% versus 3.9%, YoY. Construction growth is unchanged at 11.1%.