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Risks Still Lurking In Indian Stocks Even After A $1.3 Trillion Wipeout

HSBC remains 'neutral' on Indian equities as some signs are now "much milder" than a few months ago.

<div class="paragraphs"><p>Nifty 50 is trading at a price-to-earnings of 20.7 times, while the mid and small-cap indices are trading at 32.5 and 23.9 times, respectively. (Photo source: PTI)</p></div>
Nifty 50 is trading at a price-to-earnings of 20.7 times, while the mid and small-cap indices are trading at 32.5 and 23.9 times, respectively. (Photo source: PTI)
Indian stocks have seen their market capitalisation tumble by over $1.3 trillion since their peak last year. According to HSBC Research, risks that emerged when the markets were on a "tear" are still lurking around, although they have largely abated. The brokerage remains 'neutral' on Indian equities as some signs are now "much milder" than a few months ago.The benchmark NSE Nifty 50 and the BSE Sensex have fallen 16.2% and 15.4%, r...
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