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Here’s What The Rout Has Done To Valuation Of Nifty 50 Stocks
Of the 41 non-financial stocks, 32 are cheaper than their long-term historical average.
20 Mar 2020, 08:37 AM IST 
Sale signs sit atop of clothes racks in a department store. (Photographer: Chris Ratcliffe/Bloomberg)
The Nifty 50 index has tumbled by more than a fourth in March, tracking the global selloff as the trade disruption by Covid-19 pandemic caused panic selling worldwide.It’s already the most volatile year for Indian equities since 2011, taking the benchmarks below the levels last seen after demonetisation. That plunge has brought valuations of nearly three-fourths of Nifty 50 stocks below their 10-year average.Of the 41 non-financial s...
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