Last few years if you see the rally was supported by both earnings growth as well as the expansion in the PE ratio for the overall market. Last few years, three years, the EPS CAGR for Nifty 50 has been 24-25%, so that was the key trigger for the market rally.
2 top stock recommendations by Rajesh Bhosale
Indian equity markets are showing renewed strength, with the Nifty holding above key technical levels and poised to retest all-time highs. While the banking sector