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Market move● Neutral for Indian equities
'Cheaper Does Not Mean Cheap': India Still Trades At Premium, Says Dheeraj Gaur
The brief
- The Nifty trades at about 17.5 times one-year forward earnings, versus a 15-year average of around 19.6 times
- India’s premium over other emerging markets remains, the report says
- Valuation premiums leave Indian equities exposed if earnings fail to justify them
- Sensex, Nifty plunge over 1%; realty shares skid
- Sensex tanks 730 points amid surging crude oil prices, geopolitical uncertainties
- Markets open lower as crude surge, FII selling and geopolitical jitters weigh on sentiment
- Sensex falls 900 points as crude rebounds; Nifty slips below 22,900
- Sensex over 700 pts down after longest weekly losing streak in years; crude soars above $106