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Nifty50 index earnings per share once again on a downward trajectory

The index closed with EPS of Rs 361, down from the recent high of around Rs 378

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Last month, the market had peaked at a P/E ratio of 40x and the valuation subsequently declined to a two-month low of 36.6x on the eve the Union Budget

Krishna Kant Mumbai
After a bump-up in the first half of the third-quarter earnings season, the Nifty50 index earnings per share is once again on a downward trajectory after a clutch of index companies reported a YoY decline in earnings this week.

The Nifty50 index closed Wednesday with trailing earnings per share (EPS) of Rs 361.3 down from its recent high of around Rs 378 early this month.  The index on Wednesday closed at 15,106.50, down 2.80 points or 0.019 per cent.

The index had started the current earnings season with EPS of around Rs 364.

State Bank of India, Mahindra & Mahindra, Bajaj Finance, Axis