 "In March, the reading on the risk-love indicator was that of peak panic, suggesting it was time to buy")
As equity investors bid up share prices on Dalal Street, the valuation of the benchmark indices has hit an all-time high.
At the close of trade on Wednesday, the NSE Nifty 50 index price-to-earnings (PE) multiple reached an all-time high of 30.4 times its trailing 12-month earnings per share (EPS).
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
In comparison, the index was valued at 28.6x at its life-time high of around 12,355 on January 16 this year.
The Nifty 50 valuation ratios are available
