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 …
Bidwell Bar Bridge at Lake Oroville on Feb. 8. After a series of atmospheric-river storms hit California in December and January, the state’s two largest reservoirs are looking a lot fuller than they did a few months ago. And data updated Monday from the California Department of Water Resources’ tracker show the reservoir climbing to 60%, still below historical levels …
