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.
Gold, silver hit all-time high on Diwali demand
Gold prices reached a new high of Rs 80,650 per 10 grams in the national capital. Silver also rose significantly by Rs 5,000 per kg,