Over 50% of Nifty stocks still expensive despite fall in index

​​According to a Motilal Oswal Financial Services study, 27 out of 47 companies on the Nifty were trading above their 10-year average valuations. The valuations were measured based on the Price to Earnings (PE) Ratio and Price to Book (P/B).

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Asian stocks decline as Fed rate cut bets wane

Asian stocks declined following mixed US inflation data, leading traders to reduce bets on Federal Reserve interest rate cuts. Concerns about persistent inflation were reinforced