The equity market has been under the firm control of bulls since the beginning of the financial year. Week after week, the equity indices have been scaling new heights, often reaching multiple milestones within a single week. For instance, in the last 17 trading sessions ending on July 21, the Nifty 50 achieved a lifetime high on 11 occasions. Currently, it stands tantalizingly close to the 20,000 matantalisinglyrk, with a recent high of 19,991.8 on July 20. Similarly, the Sensex also touched the remarkable milestone of 67,000.
Since the start of April 2023, major indices like Sensex and Nifty have experienced growth in the lower teens, while the broader equity indices based on mid-cap and small-cap companies have surged in the twenties, all the way until July 21. Despite the significant uptrend in the indices, the current valuation of the stock market seems relatively reasonable. On July 21, the price-to-earnings ratio (PE) of the Nifty was recorded at 23.96 times, which is lower than its five-year average of 26.43 times and its ten-year average of 24.34 times. These figures indicate that the market’s current pricing is somewhat favourable, despite the bullish run. Analyst and market participants believe that it will remain buoyant even in the second half of 2023.
Results at a Glance
Denne historien er fra July 31, 2023-utgaven av Dalal Street Investment Journal.
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Denne historien er fra July 31, 2023-utgaven av Dalal Street Investment Journal.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
