Indian stock market is experiencing a dichotomy, with high valuations in some sectors limiting investment opportunities, while robust macroeconomic conditions sustain investor interest in domestic equities, analysts said. Benchmark equity indices Sensex and Nifty 50 have declined approximately 1% from their record highs, driven by a broader weak sentiment following […]
nifty valuation
Indian stock market seems to be at relatively normal valuations at the Nifty level, said Deepak Shenoy, Founder and CEO of Capitalmind. In an interview with Livemint, Shenoy said he continues to invest in India’s domestic manufacturing industry, energy sector and in local consumption. Here are edited excerpts. Q. As […]
Deepak Jasani, Head of Retail Research at HDFC Securities, believes the market will witness some profit booking post the Budget. However, Jasani added that after some correction, in case of no negative news, it will attempt to go higher again. Suggesting a market strategy with the Union Budget in mind, […]
Nifty 50 has gained 24 per cent over the last year, and its current PE (price-to-earnings ratio) stands at 21.9. This is below its one-year average PE of 22.3. However, Nifty’s 12-month forward PE of 20.76. Nifty’s current PB (price-to-book ratio) is at 4, slightly above its one-year average PB […]