The targets for the index have been revised upwards due to an upward revision in the 15-year average PE (18.8x) with an EPS of 1,342.
Technically, we need a strong closing above the levels of 22,124 to initiate fresh longs. With ADX near historic highs and weekly RSI divergence, I'm not comfortable to enter fresh trades here. Even on Tuesday (February 27, 2023), the market breadth remained very poor, and more than 53 percent of stocks were trading 3 percent or lower.
At present, there is a froth in the valuations of mid-caps and small caps; however, large caps are fairly priced to be added to any dips. Midcaps are trading at a price-to-earnings ratio of 27x, and small caps are trading at a price-to-earnings ratio of 33x.
Such high levels are not at all comfortable for making an investment.
Denne historien er fra March 16, 2024-utgaven av The Business Guardian.
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Denne historien er fra March 16, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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LG nods to deployment of CDVs
In a move to tackle the ongoing air pollution crisis in the national capital, Delhi Lieutenant Governor VK Saxena on Wednesday approved the redeployment of Civil Defence Volunteers (CDVs) for a four-month period from November 1, 2024, to February 28, 2025.
Delhi has become gas chamber, AAP responsible for all this: BJP
Bharatiya Janata Party leader Shehzad Poonawalla on Wednesday wore a gas mask as the pollution level rises in the Delhi-NCR region and said that the national capital has become a gas chamber.
Police nab wanted shooter Mogli, Gogi Gang member
The Special Cell of Delhi Police on Wednesday arrested the third Gogi gang member in connection with the November 4 firing incidents in Nangloi and Alipur areas.
Winter action plan: Govt to set up 250 pagoda tents for homeless
The Delhi government has rolled out a winter action plan for the homeless as part of which 200-250 pagoda tents with a capacity to accommodate around 2,000 people will be set up and 16 rescue teams will be formed.
DELHI'S AQI HITS 'SEVERE': WORST IN COUNTRY THIS SEASON
Bihar's Hajipur, with an AQI of 417, had the second-worst reading in the country
LG appeals to CM to hike EWS limit to 5 lakh
The lieutenant governor noted that as per the minimum wages notified by the Delhi government the annual income of skilled workers (Rs 21,917X12= Rs 2.63 lakh) is more than the proposed threshold limit of Rs 2.5 lakh.
Delhi court grants bail to Vivo India official in PMLA case
Delhi's Patiala House Court on November 11 granted regular bail to Chinese national Guangwen, alias Andrew, in the Vivo Mobile money laundering case.
Gujarat High Court Rejected Temporary Bail Of Convict For Father's Treatment: 2002 Sabarmati Express Burning Case
The Gujarat High Court in the case Faruk Mohmmad Bhana Through Imran Faruk Bhana Versus State Of Gujarat And Anr observed and has rejected the temporary bail petition filed by a man who is convicted in the year 2002 Sabarmati Express train burning case, seeking for carrying out the medical treatment of his 95-year-old father.
Calcutta High Court On Plea Against Use Of Loudspeakers Near School For Specially-Abled Children: 'Puja Committee Thinks They Are Bigger Than God'
The Calcutta High Court in the case Prajna Paromita Sen And Anr. Versus State Of West Bengal And Ors observed that the use of loudspeakers and blocking of roads outside a specially-abled children's school for celebrating Jadadhatri puja, showed that the 'puja committee thinks they are bigger than the deity itself.
Punjab And Haryana High Court Referred Matter To CJ, Recommends Training: 'Pained And Shocked' Over Trial Judge Who Held Witness Guilty For Taking Contradictory Stand
The Punjab and Haryana High Court in the case Devender @ Sachin versus State Of Haryana observed and has expressed shock over the conduct of a judge who held the witness guilty for giving false statement because he took a contradictory stand before the police and the Court.
