Nifty now trades at 18.5x 1-yr forward PE or a 7% premium to 10-year avg. and valuation gap vs China is also now back to the 10-year avg. This makes us more optimistic on the market outlook,” it said, adding that the trends were positive in the Budget and Q3 earnings.
Global Market Today: Asian stocks advance, crude oil holds decline
Asian stock markets experienced a notable rise as easing US inflation rates and declining oil prices alleviated concerns regarding potential interest rate hikes. South Korea’s