Nifty 50 At 20,000: How Expensive Are Index Stocks
The NSE Nifty 50 is still trading below its historical valuations even as the benchmark index briefly crossed the 20,000 milestone to hit an all-time high on Monday.
The gauge is trading at 22.83 times its current earnings, a discount of 7.57% to its five-year average, according to data compiled by Bloomberg.
The Nifty hit 20,008.15 in intra-day trading before closing at 19,996.35, another life-time high.
Among its constituents, JSW Steel Ltd. is the most-valued stock, trading at 47.80 times its earnings, 196.54% higher than its five-year price-to-earnings ratio. Bharat Petroleum Corp. and NTPC Ltd. follow.
Tata Consultancy Services Ltd., Oil and Natural Gas Corp., Coal India Ltd., and Titan Co. are trading close to their respective historical valuations.
On the downside, pharma giants like Sun Pharmaceutical Industries Ltd. and Dr. Reddy's Laboratories Ltd. were among the index's least-valued stocks, with P/E ratios at 23.85% and 24.72% below their five-year averages, respectively. Pesticides and agrochemicals company UPL Ltd. was the least-valued stock of the index, with a P/E ratio 29.95% below its five-year average.
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
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Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
