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The markets ended their five-month winning streak, with the Sensex posting its first monthly decline in June this year.
The benchmark index declined 0.7 per cent in June, after rising by 17 per cent in the first five months of this year. Since May 2014, it was up 37.8 per cent, as shown in Chart 1.
While concerns are being voiced over valuations, the market currently trades at 23.04 times earnings, as shown in Chart 2, strong earnings growth could ease such fears. Earnings are expected to grow at
While concerns are being voiced over valuations, the market currently trades at 23.04 times earnings, as shown in Chart 2, strong earnings growth could ease such fears. Earnings are expected to grow at
