After some sell-off during the week, Union Minister Piyush Goyal on Saturday opined that the 50-share benchmark Nifty's valuation is decent and reasonable. Goyal, who oversees the commerce and industry portfolio, said that there can be some more correction in the offing for the Indian markets. A forward price-to-earnings ratio of 19 makes the Nifty valuations "decent" and "reasonable". "Some of them (Nifty stocks) may have seen some downfall, but by and large the Nifty still reflects decent valuations," Goyal said, speaking at an event organised by mutual fund industry's lobby grouping Amfi here. "At a P/E ratio of 19 for a developing nation which is the fastest growing country, it (valuation) is still reasonable - some small correction here or there may still happen," he added. Goyal said that the ongoing correction in the markets should serve as a wake-up call for the ones who have not advised the small investors properly, and asked Amfi to ensure that it isolates those who have
We are in the end-game of market fall: Samir Arora at BS Manthan 2025
Decline in 13 of last 14 sessions; Nifty may end in red for a record 5th month
Uncertainty around initial public offerings (IPOs) persists as selling pressure in the secondary market continues
NSE Indices announced on Friday the removal of Britannia and Bharat Petroleum Corporation from the flagship Nifty 50 index
Log fourth consecutive session of declines amid sustained selling by FPIs
The announcement marks the first additions of digital era stocks to the country's most widely tracked equity gauge. Zomato was included in the BSE Sensex late last year
The Sensex closed at 75,736, down 203 points (0.3 per cent), while the Nifty ended at 22,913, slipping 20 points (0.09 per cent). Both indices hit their lowest levels since January 27
Lack of measures to boost liquidity dents investor sentiment
The Nifty financial services index shed 1.2 per cent and Nifty 50 dropped 0.6 per cent last month - modest losses despite the high sales
The Nifty 50 shed 0.39% to 23,603.35, while the BSE Sensex slipped 0.27% to 78,058.16
It added that two-wheeler major Hero MotoCorp might succeed in holding its position narrowly in the 50-share index
Capex worries weigh on infra firms
For the first time in 23 years, Nifty has declined for four consecutive months
Smallcap, midcap stocks continue to reel from selling pressure
Nifty below 23k, over Rs 9 trillion mcap eroded; MTD FPI selling tops Rs 64k crore
14 Naxalites were killed today in a joint operation by the CRPF, Chhattisgarh Police and Odisha’s Special Operation Group along the Odisha-Chhattisgarh border.
The Sensex ended the session on Friday at 76,619, a decline of 424 points or 0.5 per cent. Meanwhile, the Nifty closed at 23,182, a drop of 130 points or 0.6 per cent
Sensex dropped over 800 points or 1% to an intraday low of 76,535.24, on January 13. The Nifty also fell over 250 points, trading around 23,200.
Cumulative net shorts on Nifty and Bank Nifty Futures by FPIs on Thursday was highest since June 6, 2024