The index had witnessed 10 per cent correction from June, 2019 and an upside of over 5 per cent in the past two sessions has strengthened the positive view on the technical charts
Several out-of-the-money call options on the Nifty and the Bank Nifty index jumped more than 50 times on Friday
So far in CY2019, the Nifty PSB index has underperformed the benchmark Nifty50. The former has plunged 24 per cent YTD, as against a 0.6 per cent decline in the latter.
However, experts say long term investors should consider some of the large caps that have declined
Value is emerging beyond frontline indices
Based on consensus estimates and their own analysis, earnings for the Sensex and Nifty indicate a growth of 4% and 6% YoY, respectively at the aggregate level.
A comparison of the price-to-earnings (P/E) or price-to-book (P/B) multiples of all the Nifty stocks throws up the list of stocks that are being favoured and neglected
Companies where valuations are currently above their historical levels mostly belong to sectors such as financial, FMCG and IT services