Nifty At 23,000: Here's How Expensive It Is Against Global Peers

The NSE Nifty 50 is still trading below its historical valuations, even as the benchmark index briefly crossed the 23,000 milestone to hit an all-time high on Friday.The gauge is trading at 22.7 times its current earnings, a discount of 8.1% to its five-year average, according to research done by NDTV Profit.This makes the country's benchmark index among the least-valued major global indices, with Nasdaq 100 taking the cake on the ba...