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Indian (NIFTY) Market Analysis & Valuation

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies4976
  • 7D-2.5%
  • 3M-11.3%
  • 1Y-2.9%
  • YTD-11.6%

Over the last 7 days, the market has dropped 2.5%, driven by a decline of 4.0% in the Financials sector. In the last 12 months the market has been flat overall. As for the next few years, earnings are expected to grow by 18% per annum.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026₹422.5t₹191.2t₹18.7t20.6x22.6x2.2x
Fri, 20 Feb 2026₹464.7t₹190.9t₹18.7t23x24.9x2.4x
Sun, 18 Jan 2026₹468.0t₹185.2t₹18.2t24.3x25.7x2.5x
Tue, 16 Dec 2025₹469.3t₹184.2t₹18.2t25.7x25.8x2.5x
Thu, 13 Nov 2025₹473.2t₹182.0t₹18.1t27.4x26.1x2.6x
Sat, 11 Oct 2025₹462.7t₹179.1t₹17.7t27.7x26.2x2.6x
Mon, 08 Sep 2025₹450.5t₹177.8t₹17.6t27.8x25.6x2.5x
Wed, 06 Aug 2025₹445.8t₹175.4t₹17.4t28.7x25.6x2.5x
Fri, 04 Jul 2025₹458.3t₹173.4t₹17.2t29.7x26.7x2.6x
Sun, 01 Jun 2025₹443.1t₹173.6t₹17.1t28.3x25.8x2.6x
Tue, 29 Apr 2025₹422.8t₹169.6t₹16.8t26.7x25.1x2.5x
Thu, 27 Mar 2025₹410.8t₹169.0t₹16.8t25.3x24.5x2.4x
Sat, 22 Feb 2025₹398.5t₹169.0t₹16.8t26.5x23.8x2.4x
Mon, 20 Jan 2025₹426.7t₹167.8t₹16.4t31.3x26x2.5x
Wed, 18 Dec 2024₹453.8t₹167.7t₹16.4t33x27.7x2.7x
Fri, 15 Nov 2024₹427.9t₹166.7t₹16.3t31.7x26.3x2.6x
Sun, 13 Oct 2024₹459.5t₹163.1t₹16.0t33.7x28.7x2.8x
Tue, 10 Sep 2024₹456.7t₹162.8t₹16.0t34.3x28.6x2.8x
Thu, 08 Aug 2024₹444.5t₹162.1t₹15.8t33.9x28.1x2.7x
Sat, 06 Jul 2024₹447.9t₹160.1t₹15.8t34.2x28.4x2.8x
Mon, 03 Jun 2024₹410.3t₹165.5t₹16.6t30.1x24.7x2.5x
Wed, 01 May 2024₹402.3t₹156.8t₹15.1t31.7x26.6x2.6x
Fri, 29 Mar 2024₹382.3t₹154.9t₹14.8t28.7x25.9x2.5x
Sun, 25 Feb 2024₹388.2t₹154.8t₹14.8t32x26.3x2.5x
Tue, 23 Jan 2024₹370.2t₹153.3t₹14.3t31.4x25.9x2.4x
Thu, 21 Dec 2023₹346.3t₹152.3t₹14.2t28.8x24.5x2.3x
Sat, 18 Nov 2023₹323.9t₹152.2t₹14.2t27.8x22.8x2.1x
Mon, 16 Oct 2023₹318.2t₹151.3t₹13.2t28.4x24.2x2.1x
Wed, 13 Sep 2023₹320.1t₹152.3t₹13.4t27.3x23.9x2.1x
Fri, 11 Aug 2023₹307.6t₹151.5t₹13.3t26.8x23.1x2x
Sun, 09 Jul 2023₹296.9t₹149.9t₹12.5t26x23.8x2x
Tue, 06 Jun 2023₹283.2t₹150.3t₹12.5t24.6x22.6x1.9x
Thu, 04 May 2023₹270.2t₹146.0t₹12.2t22.3x22.2x1.9x
Sat, 01 Apr 2023₹255.9t₹144.9t₹12.2t20.2x21.1x1.8x
Price to Earnings Ratio

21.1x


Total Market Cap: ₹255.9tTotal Earnings: ₹12.2tTotal Revenue: ₹144.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 25.3x202420252026
Current Market PE
  • Investors are pessimistic on the Indian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 22.6x which is lower than its 3-year average PE of 25.3x.
Past Earnings Growth
  • The earnings for Indian listed companies have grown 15% per year over the last three years.
  • Revenues for these companies have grown 9.7% 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 Market-2.47%
Tech1.77%
Telecom-0.66%
Energy-0.71%
Healthcare-1.25%
Consumer Discretionary-2.03%
Utilities-2.67%
Consumer Staples-2.77%
Industrials-3.05%
Materials-3.41%
Financials-4.04%
Real Estate-4.13%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading close to its 3-year average PE ratio of 39.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 23.5%, which is higher than its past year's earnings growth of 13.1% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 13.7x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings growth rate of 17% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 6.4% 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
RELIANCE Reliance Industries₹1.41k0.4%
+₹67.7b		11.0%PE23xEnergy
ONGC Oil and Natural Gas₹270.202.0%
+₹65.4b		12.7%PE8.9xEnergy
HCLTECH HCL Technologies₹1.38k1.8%
+₹65.2b		-15.4%PE21.1xTech
500510 Larsen & Toubro₹3.65k1.2%
+₹60.0b		6.0%PE29.3xIndustrials
INFY Infosys₹1.28k0.9%
+₹48.8b		-20.0%PE17.2xTech
See more

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