The brokerage said the estimated Price to Earnings ratio – a popular valuation measure – at 19 times is near its five-year average, while foreign investors are most underweight in 15 years.
Dalal Street Week Ahead: Nifty seen consolidating further before next directional move
The Nifty experienced a mild corrective movement, trading in a downward-biased consolidation phase and ending the week with a slight loss. Despite a supportive Fed