The Nifty and the Sensex have run up around 17-18% from their June 17 lows. Both indices are around 3% away from their all-time highs. HSBC said Nifty’s valuation, measured by Price to Earnings (PE) ratio at 19.6 times, has recovered above its five-year mean but is still 15% below its peak of 23 times in October 2021 when the Sensex and Nifty hit all-time highs.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of
December 7, 2025