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.
Yen’s slide to weekly loss prompts bets for another intervention
The Japanese yen is facing its steepest drop in three months, prompting traders to expect more government action to support its value. Key to this