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Indian (NIFTY) Market Analysis & Valuation

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies4877
  • 7D1.1%
  • 3M4.7%
  • 1Y5.4%
  • YTD2.9%

The market has climbed 1.1% over the last week, with theIndustrials and Consumer Staples sectors leading the way. As for the past 12 months, the market is up 5.4%. As for the next few years, earnings are expected to grow by 17% 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
Sat, 15 Nov 2025₹467.1t₹173.1t₹17.6t27.1x26.5x2.7x
Mon, 13 Oct 2025₹462.7t₹179.2t₹17.7t27.7x26.2x2.6x
Wed, 10 Sep 2025₹453.0t₹177.9t₹17.6t28x25.7x2.5x
Fri, 08 Aug 2025₹442.2t₹176.7t₹17.5t28.4x25.3x2.5x
Sun, 06 Jul 2025₹459.3t₹173.4t₹17.2t29.8x26.8x2.6x
Tue, 03 Jun 2025₹443.9t₹173.6t₹17.1t28.6x25.9x2.6x
Thu, 01 May 2025₹420.2t₹170.4t₹16.8t26.3x25x2.5x
Sat, 29 Mar 2025₹408.8t₹169.0t₹16.8t24.9x24.4x2.4x
Mon, 24 Feb 2025₹398.5t₹169.0t₹16.8t26.5x23.8x2.4x
Wed, 22 Jan 2025₹422.1t₹167.9t₹16.4t31.2x25.7x2.5x
Fri, 20 Dec 2024₹448.0t₹167.7t₹16.4t32.8x27.4x2.7x
Sun, 17 Nov 2024₹428.7t₹167.2t₹16.3t31.1x26.2x2.6x
Tue, 15 Oct 2024₹459.5t₹163.1t₹16.0t33.7x28.7x2.8x
Thu, 12 Sep 2024₹455.9t₹162.9t₹16.0t34.2x28.5x2.8x
Sat, 10 Aug 2024₹446.5t₹162.5t₹15.9t34x28.1x2.7x
Mon, 08 Jul 2024₹447.9t₹160.0t₹15.8t34.4x28.4x2.8x
Wed, 05 Jun 2024₹393.2t₹165.1t₹16.6t28.6x23.6x2.4x
Fri, 03 May 2024₹405.3t₹157.1t₹15.2t31.8x26.7x2.6x
Sun, 31 Mar 2024₹382.6t₹154.9t₹14.8t28.7x25.9x2.5x
Tue, 27 Feb 2024₹387.1t₹154.8t₹14.8t31.9x26.2x2.5x
Thu, 25 Jan 2024₹367.0t₹153.4t₹14.4t31x25.5x2.4x
Sat, 23 Dec 2023₹352.7t₹152.3t₹14.2t29.3x24.9x2.3x
Mon, 20 Nov 2023₹323.9t₹152.2t₹14.2t27.7x22.8x2.1x
Wed, 18 Oct 2023₹318.2t₹151.3t₹13.2t28.4x24.2x2.1x
Fri, 15 Sep 2023₹323.6t₹152.3t₹13.4t27.5x24.2x2.1x
Sun, 13 Aug 2023₹306.9t₹151.7t₹13.4t26.5x22.9x2x
Tue, 11 Jul 2023₹296.5t₹150.0t₹12.5t25.9x23.7x2x
Thu, 08 Jun 2023₹286.3t₹150.0t₹12.5t24.9x22.9x1.9x
Sat, 06 May 2023₹271.1t₹146.4t₹12.2t22.2x22.2x1.9x
Mon, 03 Apr 2023₹255.9t₹144.9t₹12.2t20.2x21.1x1.8x
Wed, 01 Mar 2023₹255.0t₹144.7t₹12.2t20.9x21x1.8x
Fri, 27 Jan 2023₹273.6t₹140.9t₹12.0t22.6x22.8x1.9x
Sun, 25 Dec 2022₹269.9t₹139.2t₹11.9t21.5x22.7x1.9x
Tue, 22 Nov 2022₹277.9t₹139.1t₹11.9t22.4x23.4x2x
Price to Earnings Ratio

23.4x


Total Market Cap: ₹277.9tTotal Earnings: ₹11.9tTotal Revenue: ₹139.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 25x202320242025
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 25.0x.
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 7.6% 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 Market1.07%
Telecom3.51%
Tech2.91%
Industrials1.95%
Energy1.91%
Utilities0.84%
Healthcare0.74%
Materials0.70%
Financials0.46%
Consumer Discretionary0.28%
Consumer Staples0.13%
Real Estate-0.69%
Sector PE
  • Investors favour the Real Estate sector the most for future growth, which is trading close to its 3-year average PE ratio of 51.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 29.1%, which is higher than its past year's earnings growth of 10.3% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 13.7x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 10% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 7.1% 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₹2.10k4.9%
+₹594.4b		35.3%PE33.2xTelecom
RELIANCE Reliance Industries₹1.52k2.8%
+₹553.5b		19.8%PE24.7xEnergy
TCS Tata Consultancy Services₹3.11k3.8%
+₹413.2b		-25.1%PE22.7xTech
ASIANPAINT Asian Paints₹2.91k11.2%
+₹280.7b		17.0%PE71.6xMaterials
HCLTECH HCL Technologies₹1.59k5.4%
+₹222.4b		-14.2%PE24.6xTech
See more

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₹3,725.60
Muthoot Finance
7D
15.3%
1Y
109.8%
ASIANPAINT
₹2,906.40
Asian Paints
7D
11.2%
1Y
17.0%
BAJAJFINSV
₹2,065.80
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7D
-1.7%
1Y
26.0%

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FORTIS
₹937.70
Fortis Healthcare
7D
-8.1%
1Y
46.7%

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Analysts have increased their price target for Fortis Healthcare from ₹983.07 to ₹1,023.56. They cite improved profit margin forecasts despite slightly lower revenue growth expectations.
ONGC
₹247.60
Oil and Natural Gas
7D
-1.8%
1Y
-1.3%
BRITANNIA
₹5,803.50
Britannia Industries
7D
-5.7%
1Y
18.1%
BAJFINANCE
₹1,018.50
Bajaj Finance
7D
-4.5%
1Y
55.5%
512599
₹2,516.85
Adani Enterprises
7D
6.2%
1Y
-10.9%
500470
₹174.15
Tata Steel
7D
-4.0%
1Y
26.2%

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500251
₹4,389.40
Trent
7D
-5.1%
1Y
-32.1%
HCLTECH
₹1,594.60
HCL Technologies
7D
5.4%
1Y
-14.2%

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532454
₹2,098.70
Bharti Airtel
7D
4.9%
1Y
35.3%

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RELIANCE
₹1,518.90
Reliance Industries
7D
2.8%
1Y
19.8%

RELIANCE: Upcoming AI Partnership And Digital Expansion Will Drive Earnings Momentum

Analysts have raised their price target for Reliance Industries from ₹1,664 to ₹1,686. They cite improved revenue growth projections and stronger profit margins in their updated outlook.
ICICIBANK
₹1,373.00
ICICI Bank
7D
2.2%
1Y
9.2%

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TCS
₹3,106.00
Tata Consultancy Services
7D
3.8%
1Y
-25.1%

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LICI
₹909.45
Life Insurance Corporation of India
7D
-1.6%
1Y
0.09%

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