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Indian (NIFTY) Market Analysis & Valuation

UpdatedAug 11, 2026
DataAggregated Company Financials
Companies5095
  • 7D0.1%
  • 3M6.5%
  • 1Y5.2%
  • YTD1.2%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. Meanwhile, the market is actually up 5.2% over the past year. Looking forward, earnings are forecast to grow by 17% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Indian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Aug 2026₹487.6t₹204.4t₹20.0t23.1x24.4x2.4x
Thu, 09 Jul 2026₹467.3t₹197.4t₹19.5t23.4x24x2.4x
Sat, 06 Jun 2026₹459.8t₹197.6t₹19.5t23.2x23.6x2.3x
Mon, 04 May 2026₹462.7t₹192.2t₹18.8t23.7x24.6x2.4x
Wed, 01 Apr 2026₹411.6t₹191.2t₹18.7t19.4x22x2.2x
Fri, 27 Feb 2026₹468.1t₹191.0t₹18.7t22.7x25.1x2.5x
Sun, 25 Jan 2026₹451.4t₹186.1t₹18.3t23.1x24.6x2.4x
Tue, 23 Dec 2025₹473.9t₹184.3t₹18.2t25.5x26x2.6x
Thu, 20 Nov 2025₹469.0t₹173.7t₹17.6t26.7x26.7x2.7x
Sat, 18 Oct 2025₹466.1t₹179.5t₹17.7t27.7x26.3x2.6x
Mon, 15 Sep 2025₹457.5t₹177.9t₹17.6t27.9x26x2.6x
Wed, 13 Aug 2025₹442.3t₹177.3t₹17.6t27.9x25.2x2.5x
Fri, 11 Jul 2025₹458.2t₹173.4t₹17.2t29.6x26.7x2.6x
Sun, 08 Jun 2025₹449.7t₹173.4t₹17.1t29.1x26.2x2.6x
Tue, 06 May 2025₹423.9t₹170.0t₹16.9t26.4x25.1x2.5x
Thu, 03 Apr 2025₹408.7t₹169.0t₹16.8t25.6x24.4x2.4x
Sat, 01 Mar 2025₹380.1t₹169.1t₹16.8t24.8x22.6x2.2x
Mon, 27 Jan 2025₹414.8t₹162.6t₹16.3t30.2x25.4x2.6x
Wed, 25 Dec 2024₹439.8t₹167.8t₹16.4t32.3x26.9x2.6x
Fri, 22 Nov 2024₹423.7t₹167.6t₹16.3t30.8x25.9x2.5x
Sun, 20 Oct 2024₹455.0t₹163.4t₹16.1t34.1x28.3x2.8x
Tue, 17 Sep 2024₹467.3t₹163.0t₹16.0t34.6x29.2x2.9x
Thu, 15 Aug 2024₹440.4t₹162.9t₹15.9t33x27.6x2.7x
Sat, 13 Jul 2024₹450.4t₹160.1t₹15.8t34x28.5x2.8x
Mon, 10 Jun 2024₹421.6t₹160.0t₹15.8t30.5x26.8x2.6x
Wed, 08 May 2024₹395.5t₹157.0t₹15.2t31.1x26.1x2.5x
Fri, 05 Apr 2024₹393.9t₹154.9t₹14.8t30.9x26.7x2.5x
Sun, 03 Mar 2024₹387.6t₹154.8t₹14.8t31.4x26.3x2.5x
Tue, 30 Jan 2024₹374.5t₹153.8t₹14.6t31.6x25.6x2.4x
Thu, 28 Dec 2023₹357.3t₹152.3t₹14.2t29.5x25.2x2.3x
Sat, 25 Nov 2023₹325.1t₹152.2t₹14.2t27.8x22.9x2.1x
Mon, 23 Oct 2023₹315.4t₹151.9t₹13.4t28.4x23.6x2.1x
Wed, 20 Sep 2023₹324.4t₹152.3t₹13.4t27.7x24.2x2.1x
Fri, 18 Aug 2023₹306.0t₹152.1t₹13.4t26.1x22.9x2x
Price to Earnings Ratio

22.9x


Total Market Cap: ₹306.0tTotal Earnings: ₹13.4tTotal Revenue: ₹152.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 25.5x202420252026
Current Market PE
  • Investors are relatively neutral on the Indian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 25.5x.
Past Earnings Growth
  • The earnings for Indian listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 10% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Indian Market?

IN Market0.11%
Materials1.52%
Industrials1.51%
Consumer Discretionary1.32%
Healthcare0.35%
Tech0.11%
Energy-0.25%
Consumer Staples-0.49%
Real Estate-0.97%
Telecom-1.02%
Financials-1.11%
Utilities-1.91%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 40.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.8%, which is higher than its past year's earnings growth of 17.3% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 13.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
532454 Bharti Airtel₹1.95k-0.2%
₹259.2b		4.8%PE42xTelecom
SBIN State Bank of India₹1.07k2.5%
+₹240.0b		30.1%PB1.6xFinancials
500188 Hindustan Zinc₹594.908.9%
+₹205.8b		42.6%PE14.7xMaterials
POWERINDIA Hitachi Energy India₹36.05k12.7%
+₹180.5b		73.0%PE139.7xIndustrials
500114 Titan₹5.10k4.0%
+₹176.0b		47.0%PE78.6xConsumer Discretionary
See more

Market Insights

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Latest News

500188
₹594.90
Hindustan Zinc
7D
8.9%
1Y
42.6%
Narrative Update • Aug 10

500188: Leadership Changes And Low Carbon Zinc Alliances Will Support Measured Upside

Analysts have trimmed their price target for Hindustan Zinc from ₹652 to about ₹637. This reflects updated views on fair value that factor in revised assumptions for growth, margins, and future P/E multiples.
PFC
₹385.15
Power Finance
7D
-8.6%
1Y
-8.0%
Narrative Update • Aug 09

PFC: Proposed Merger And Higher Margins Will Drive Future Returns

Analysts have trimmed their price target for Power Finance to about ₹498 from roughly ₹514. This reflects updated assumptions that include a higher discount rate, softer revenue growth expectations, a richer future P/E multiple and stronger projected profit margins.
517334
₹167.75
Samvardhana Motherson International
7D
8.8%
1Y
84.7%
Narrative Update • Aug 09

517334: Higher Margin Assumptions Will Keep Shares Under Pressure

Analysts have lifted their price target fair value estimate for Samvardhana Motherson International to ₹131.67 from ₹124.01. This reflects updated assumptions that include slightly adjusted revenue growth, a higher profit margin and a lower future P/E multiple within their models.
500114
₹5,098.20
Titan
7D
4.0%
1Y
47.0%
Narrative Update • Aug 08

500114: Dividend Support And Refined Assumptions Will Shape Future Returns

Analysts have lifted the Titan price target from about ₹5,011 to roughly ₹5,129. The revision reflects updated assumptions that factor in a slightly lower discount rate, higher projected revenue growth, a more modest profit margin outlook, and a somewhat richer future P/E multiple.
POWERGRID
₹270.10
Power Grid Corporation of India
7D
-5.9%
1Y
-5.2%
Narrative Update • Aug 08

POWERGRID: Funding Plans And New CFO Will Support Fairly Valued Outlook

Analysts have reduced their price target on Power Grid Corporation of India from ₹283 to ₹277 after making small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, which resulted in a slightly lower assessed fair value. What's in the News for Power Grid Corporation of India A board meeting is scheduled on August 5, 2026 to review and approve the unaudited financial results for the quarter ended June 30, 2026, after Audit Committee review.
SBIN
₹1,071.00
State Bank of India
7D
2.5%
1Y
30.1%
LICI
₹393.00
Life Insurance Corporation of India
7D
-8.3%
1Y
-13.3%
HAL
₹4,928.00
Hindustan Aeronautics
7D
5.1%
1Y
10.9%
ICICIBANK
₹1,431.80
ICICI Bank
7D
-1.9%
1Y
-0.3%
Narrative Update • Aug 05

ICICIBANK: Dividend And Improved Profitability Assumptions Will Support Bullish Case

Analysts have lifted their price target for ICICI Bank from ₹1,698.55 to ₹1,733.37, citing updated assumptions that reflect a slightly lower discount rate, less severe revenue decline, a higher profit margin of 43.12%, and a reduced future P/E of 22.71x. What's in the News for ICICI Bank ICICI Bank has scheduled a board meeting on June 29, 2026 at 14:00 Indian Standard Time to consider the reappointment of Ms. Vibha Paul Rishi as an Independent Director for a second term from January 23, 2027 to December 31, 2028, and to convene the 32nd Annual General Meeting.
BAJAJFINSV
₹2,021.30
Bajaj Finserv
7D
-3.6%
1Y
5.1%
Narrative Update • Aug 05

BAJAJFINSV: Board’s Reinsurance Move And ESOP Plan Will Support Future Upside

Analysts have lifted their fair value estimate for Bajaj Finserv from about ₹2,158 to roughly ₹2,362, reflecting updated assumptions on discount rates, slightly different revenue growth expectations, modestly higher profit margins and a higher future P/E multiple. What’s in the News for Bajaj Finserv Bajaj Finserv has scheduled a board meeting on 31 Jul 2026 at 10:45 Indian Standard Time.
TCS
₹2,425.70
Tata Consultancy Services
7D
-1.9%
1Y
-20.2%
Narrative Update • Aug 04

TCS: Future Returns Will Be Constrained By Softer Profitability Assumptions

Analysts have trimmed their fair value estimate for Tata Consultancy Services, revising the price target from ₹1,860 to ₹1,800 as they factor in more measured assumptions on revenue growth, profit margins, the discount rate and future P/E expectations. What's in the News for Tata Consultancy Services F1R3FLY Limited joined the Tata Consultancy Services Alliances and Partnerships ecosystem to deploy its concurrent computing platform on TCS SovereignSecure Cloud, targeting enterprise cloud data security and compute infrastructure needs across industries.
POWERINDIA
₹36,050.00
Hitachi Energy India
7D
12.7%
1Y
73.0%
BAJFINANCE
₹1,102.20
Bajaj Finance
7D
-4.4%
1Y
25.6%
Narrative Update • Jul 31

BAJFINANCE: Upcoming Dividend And June Quarter Results Will Support Future Returns

Analysts have raised their price target for Bajaj Finance from ₹1,270 to ₹1,300, citing updated assumptions that include a lower discount rate, a higher profit margin, a lower future P/E multiple, and revised revenue growth expectations. What’s in the News for Bajaj Finance Bajaj Finance held its 39th Annual General Meeting on 30 July 2026, where the board recommended a dividend of ₹6 per equity share on a face value of ₹1 for the financial year ended 31 March 2026.
511218
₹1,131.00
Shriram Finance
7D
5.7%
1Y
83.1%
532454
₹1,947.00
Bharti Airtel
7D
-0.2%
1Y
4.8%
HDFCBANK
₹731.00
HDFC Bank
7D
-2.9%
1Y
-26.7%