As Nifty Eves New Highs, India's Valuations Become A Sore Point
Mint Mumbai|June 09, 2023
Benchmark Nifty 50 index is slowly striving to reclaim its all-time closing high of 18,813 seen in December 2022. On Thursday, the index closed just a percent away from that level. But valuations are getting steeper.
Harsha Jethmalani
As Nifty Eves New Highs, India's Valuations Become A Sore Point

India’s equity valuations measured using the market capitalization to GDP (gross domestic product) ratio is above its long-term average. Also known as the Warren Buffett indicator the measure stood at 95% in FY23, showed an analysis by Motilal Oswal Financial Services Ltd. This is well ahead of its long-term average of 81%. This ratio is derived by using the total market cap of a country’s listed stocks as the numerator and GDP as the denominator.

هذه القصة مأخوذة من طبعة June 09, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة June 09, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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