1. Home >
  2. Export Import News >
  3. Foreign Exchange >
  4. India most costly among big global peers after sharp rally

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

India most costly among big global peers after sharp rally

Date: 25-06-2020
Subject: India most costly among big global peers after sharp rally
ET Intelligence Group: Indian equities have emerged as the most expensive among major global peers thanks to a sharp rally over the past few weeks amid earnings downgrades. The benchmark Nifty 50 now trades at a trailing price-earnings (P/E) multiple of 22.6 per cent, which is the highest among top global markets barring South Korea. In addition, the one-year forward P/E is 19, which is at a 25 per cent premium to the 15-year average and higher than 18.2 in February.

The Nifty has gained 35.2 per cent in the past three months, the most among the top global indices, according to the data from Bloomberg. India’s total market capitalisation rose by $530 billion to $1.8 trillion in the past three months. The indices in other major markets including the US, Japan, Germany and France rose by 28 per cent, 25 per cent, 29 per cent and 18 per cent, respectively, during the period.

With the sharp rebound, the MSCI India index has outperformed the MSCI EM index — a gauge for the equities of developing nations in dollar terms — by 5 per cent in the past three months. India’s market cap is still lower by 15 per cent compared with the pre-lockdown level of $2.12-2.20 trillion.

Foreign portfolio investors have pumped in Rs 44,402 crore in Indian stocks in the past three months after offloading a record Rs 61,972 crore worth of equities in March. In June alone, they purchased equities worth Rs 22,194 crore, according to the NSDL data.

Source:- economictimes.indiatimes.com

Infodrive India Pvt Ltd

Delhi :
  F-19, Pocket F, Okhla Phase-I
      Okhla Industrial Area

      New Delhi- 110020
   011 - 40703001

Kolkata :
  5th Floor Stesalit Towers,
      E-2-3, EP & GP Block,

      Sector-V, Salt Lake City,
      Kolkata-700 091
   033 - 71177191

INFODRIVE INDIA Copyright © 1996-2020 InfodriveIndia. All Rights Reserved.
Please read our Terms of Use and Privacy Policy before you use.

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help