Half of Nifty50 constituents trade below their historical average
1 year, 7 months ago

Half of Nifty50 constituents trade below their historical average

Live Mint  

The Indian benchmark equity index Nifty is trading at a valuation lower than its historical average, while many of the index heavyweights, including HDFC Bank, Axis Bank, SBI, Maruti Suzuki, Tata Steel and Mahindra & Mahindra, are also trading at a discount to their 10-year average valuations, as per a report by domestic brokerage house Motilal Oswal. The Nifty is trading at a 12-month forward P/E ratio of 18.6x, below its long-period average of 20x, while the P/B ratio, at 2.9x, is at an 8% premium to its historical average. Meanwhile, Nifty companies trading at a significant premium to their historical average include Divi’s Laboratories, Grasim Industries, Reliance Industries, Nestle, and Tech Mahindra. The Auto sector is trading at a P/E of 21.1x, below its 10-year historical average of 26.5x, while on a P/B basis, it is trading at a 13% premium to its 10-year average of 3.3x.

Historical Trading Index Premium Nifty Average Psu Banks Ratio Motilal Oswal Msci Em Its Historical Average  trading  pe  constituents  10year  nifty  ratio  historical  trade  premium  index  nifty50  pb  half  average

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Stock market today: Sensex, Nifty 50 end flat; Reliance, HDFC Bank among top drags
2 weeks, 6 days ago

Stock market today: Sensex, Nifty 50 end flat; Reliance, HDFC Bank among top drags

Live Mint  

Lacklustre global cues amid holiday-thinned trade kept sentiment low. "Concerns over FII outflows and the depreciating rupee persist, given the strengthening US dollar index and worries about potential adverse tariffs and rate cuts in 2025, holding the muted market trend," said Nair. Sectoral indices today Among the sectoral indices, Nifty Auto, Healthcare and Pharma indices rose almost 1 per cent. …

Stocks to buy or sell: Dharmesh Shah of ICICI Securities recommends buying PFC, PNB tomorrow - December 2
Trending News
1 month, 2 weeks ago

Stocks to buy or sell: Dharmesh Shah of ICICI Securities recommends buying PFC, PNB tomorrow - December 2

Live Mint  

Stock Market News: On Friday, the last trading session of the week, the domestic benchmark indices, Nifty 50 and Sensex, showed positive movement, marking a step forward for the Indian stock market. Market Outlook by Dharmesh Shah, Vice President, ICICI Securities Equity benchmark extended gains over second consecutive week fueled by state election outcome that coupled with firm global cues. …

Stock market today: Sensex ends flat, Nifty 50 closes 0.13% higher led by metal, PSU Bank, energy stocks
4 months, 3 weeks ago

Stock market today: Sensex ends flat, Nifty 50 closes 0.13% higher led by metal, PSU Bank, energy stocks

Live Mint  

Stock market today: The domestic benchmark indices, Sensex and Nifty 50 closed slightly changed amid some profit booking and mixed global cues as investors considered the approaching Federal Reserve meeting. The market saw gains primarily driven by metal, PSU bank, and energy stocks, with some profit booking observed in banking and auto stocks. Global Markets Monday's global stock market saw …

Nifty Bank surges over 3% to mark biggest weekly gain in 2024; Bandhan Bank climbs 8%, IDFC Bank up 7%
6 months, 3 weeks ago

Nifty Bank surges over 3% to mark biggest weekly gain in 2024; Bandhan Bank climbs 8%, IDFC Bank up 7%

Live Mint  

The Indian market ended the shortened trading week with significant fluctuations as profit booking by investors caused major indices to close in negative territory. Global brokerage firm CLSA has shown a preference for private sector banks over their public sector counterparts, noting their currently reasonable valuations. Another global brokerage house, Macquarie, also advised investors to favor private sector banks while …

Share market today: Sensex, Nifty 50 end flat; broader markets along with PSU banks shine, realty drags
9 months, 1 week ago

Share market today: Sensex, Nifty 50 end flat; broader markets along with PSU banks shine, realty drags

Live Mint  

Share market today: Domestic equity benchmark indices, the Sensex and the Nifty 50, ended Wednesday's session on a flat note amid weak global cues. The 30-share BSE Sensex ended lower by 27.09 points or 0.04% at 73,876.82 level while the Nifty 50 closed at 22,434.65 level, down 18.65 points or 0.08%. Sectoral indices today Amongst sectoral indices, Nifty PSU Bank, …

PSU Bank Stocks Surge 13% As Bulls Return to D-Street; Should you Buy?
2 years ago

PSU Bank Stocks Surge 13% As Bulls Return to D-Street; Should you Buy?

News 18  

After declining almost 10 per cent in the last session due to Covid fears, Fed rate hike, PSU bank stocks rebounded, gaining up to 13 per cent in Monday’s trade. In Q2, most PSU banks reported stellar earnings coupled with improvements in asset quality and rising credit growth numbers. Large PSU banks like SBI, BoB, Canara Bank are are trading …

Sensex, Nifty 50 lose momentum; Sensex dips by 130 points, Nifty below 8700
4 years, 9 months ago

Sensex, Nifty 50 lose momentum; Sensex dips by 130 points, Nifty below 8700

Deccan Chronicle  

Mumbai: Equity benchmark indices dithered in volatile trade on Friday as the Reserve Bank of India reduced key repo rate by 75 basis points in line with central banks around the world to limit the economic slowdown amid rising coronavirus. The BSE S&P Sensex closed 131 points or 0.44 per cent lower at 29,816 but the Nifty 50 edged higher …

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