The valuation premium was above 40% for only 1.4% of the total trading days since January 2005. The Nifty50 is now the second most expensive index among major global indices after NASDAQ. Over three out of every four constituents of the Nifty 50 trade at a premium to their respective long-term average valuations propelled by sectors such as consumer, IT and Industrial sector, a sector which typically trades at a reasonable valuation.
Cochin Shipyard shares surge 10% on FTSE index inclusion, may see $30 mn inflows
The shares have advanced by an impressive 246% over the last year, while in the past six months, the stock has surged by 110%. Year-to-date,
September 20, 2024