The Nifty now trades at about 17.5 times one-year forward earnings, below its 15-year average of around 19.6 times. India's premium over other emerging markets has also narrowed to a 10-year low. So, the market is certainly cheaper than it was.
Indices
'Cheaper Does Not Mean Cheap': India Still Trades At Premium, Says Dheeraj Gaur
Stock Market Highlights: Nifty Logs Worst Weekly Losing Streak Since 2008; Trent, Airtel Among Top LosersAmong sectors, gains were seen in Nifty Realty, Nifty Auto, Nifty Metals, Nifty Private Bank and Nifty FMCG, while Nifty IT, Nifty Pharma dn Nifty Oil & Gas reeled under selling pressure.
'Reallocate, Not Abandon': FPIs Are Still Selective On India, Says Dheeraj Gaur Of Choice WealthThis divergence tells us FPIs are not exiting India; they are becoming selective. The selling in the secondary market is a global story, not an India story, Dheeraj Gaur, Chief Investment Strategy Officer at Choice Wealth told NDTV Profit in an exclusive email interview.
Stock Market Today: All You Need To Know Before Going Into Trade On Sept 25Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Asian Markets Today: Nikkei Rises, ASX 200 Falls As Trump-Xi, Mideast Risks In FocusMeanwhile, oil prices remained elevated despite a modest pullback.Brent crude oil was down 0.93% at $106.04 a barrel at last check, keeping energy prices and their potential impact on inflation and global growth in focus.
Stock Market Crash News Highlights Today: Nifty Settles Below 23,100, Sensex Ends 1,200 Points LowerThe Nifty 50 fell to its lowest level in 117 sessions and traded at levels last seen on April 7. The Sensex reached its lowest level in 73 sessions, falling to levels last seen on June 11.
Bank Stocks In Red: AU Small Finance Bank, IndusInd Bank, IDFC First Fall Up To 5% — Here's WhyThe proposed changes could reduce the fee pool banks earn from distributing insurance products, particularly credit-protection and other loan-linked policies that typically carry relatively high commissions.
Stock Market Today: All You Need To Know Before Going Into Trade On Sept 24Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Stock Market Highlights: Nifty Ends Near 23,450, Sensex Closes Nearly 300 Points HigherNifty Metal rose 2.22%, while Nifty Realty, Nifty Private Bank and Nifty PSU Bank gained between 1.14% and 1.52%. Nifty IT fell 0.97%, while Nifty Media declined 0.47%.
Hero Motors Share Price Rallies 19% Despite Weak Listing Today — Key Details InsideThe sharp uptick in the share price came amid heavy volumes on the counter. On BSE, 123.50 lakh shares worth Rs 111.92 crore changed hands on BSE at the time of writing the report.
Hero Motors Vs Jindal Supreme Vs SS Retail: 3 IPOs Make Mixed Debut On D-StreetSS Retail also delivered a strong listing, opening at Rs 624 on the NSE, a 47.17% premium to its issue price of Rs 424. On the BSE, the stock debuted at Rs 639.10, representing a 50.73% premium.
Stock Market Highlights: Nifty Settles At 23,329 Amid F&O Expiry, Sensex Down 330 Points; IT, Healthcare Shares Top DragBroader markets also ended lower, with the Nifty Small Cap 100 index settling 0.21% lower and the Nifty Mid Cap index closing 0.09% lower.