A stack of money coin with trading graph. (Photo: Freepik)
The Nifty 50 Index is trading at nearly 18 times its fiscal 2024 earnings—but a third its constituents contribute a chunk of that. And that’s where the risk lies for the benchmark.Analysts have penciled in aggressive earnings growth for the next financial year. That's when a global slowdown, rising inflation and tightening interest rates threaten to put brakes on consumption and growth plans. The Reserve Bank of India has alread...