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Indian (NIFTY) Market Analysis & Valuation

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies4947
  • 7D0.6%
  • 3M-5.3%
  • 1Y3.5%
  • YTD-4.8%

Over the last 7 days, the market has remained flat, although notably the Industrials sector gained 4.3% in that time. Meanwhile, the market is actually up 3.5% over the past year. 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
Tue, 03 Feb 2026₹454.2t₹187.3t₹18.5t23.1x24.6x2.4x
Thu, 01 Jan 2026₹475.6t₹184.3t₹18.2t25.4x26.1x2.6x
Sat, 29 Nov 2025₹467.7t₹173.7t₹17.6t26.1x26.6x2.7x
Mon, 27 Oct 2025₹468.2t₹179.7t₹17.8t27.9x26.3x2.6x
Wed, 24 Sep 2025₹462.6t₹178.6t₹17.6t28.2x26.3x2.6x
Fri, 22 Aug 2025₹455.5t₹177.7t₹17.7t27.9x25.8x2.6x
Sun, 20 Jul 2025₹456.2t₹173.6t₹17.1t30.1x26.6x2.6x
Tue, 17 Jun 2025₹449.0t₹173.4t₹17.1t29.5x26.2x2.6x
Thu, 15 May 2025₹431.2t₹170.8t₹16.9t26.9x25.5x2.5x
Sat, 12 Apr 2025₹397.3t₹169.1t₹16.8t25.3x23.7x2.3x
Mon, 10 Mar 2025₹394.2t₹169.1t₹16.8t25.8x23.5x2.3x
Wed, 05 Feb 2025₹420.3t₹163.6t₹16.4t29x25.6x2.6x
Fri, 03 Jan 2025₹448.5t₹167.9t₹16.4t33x27.4x2.7x
Sun, 01 Dec 2024₹444.7t₹167.6t₹16.4t31.8x27.2x2.7x
Tue, 29 Oct 2024₹438.6t₹165.8t₹16.2t31.7x27.1x2.6x
Thu, 26 Sep 2024₹472.0t₹163.0t₹16.0t34.4x29.5x2.9x
Sat, 24 Aug 2024₹455.9t₹162.7t₹16.0t33.9x28.5x2.8x
Mon, 22 Jul 2024₹444.5t₹161.0t₹15.8t33.4x28.1x2.8x
Wed, 19 Jun 2024₹435.2t₹160.1t₹15.8t32.3x27.6x2.7x
Fri, 17 May 2024₹403.6t₹157.9t₹15.4t31.7x26.2x2.6x
Sun, 14 Apr 2024₹394.8t₹154.9t₹14.8t31x26.7x2.5x
Tue, 12 Mar 2024₹385.1t₹154.8t₹14.8t29.9x26.1x2.5x
Thu, 08 Feb 2024₹384.3t₹154.3t₹14.7t32.4x26.1x2.5x
Sat, 06 Jan 2024₹362.7t₹152.3t₹14.2t30.5x25.6x2.4x
Mon, 04 Dec 2023₹334.1t₹152.1t₹14.1t28.3x23.7x2.2x
Wed, 01 Nov 2023₹308.0t₹152.1t₹13.6t27.6x22.6x2x
Fri, 29 Sep 2023₹319.4t₹152.2t₹13.4t27.5x23.8x2.1x
Sun, 27 Aug 2023₹309.0t₹152.3t₹13.4t26.7x23.1x2x
Tue, 25 Jul 2023₹303.9t₹150.8t₹12.6t26.4x24.1x2x
Thu, 22 Jun 2023₹291.6t₹149.9t₹12.5t25.4x23.3x1.9x
Sat, 20 May 2023₹273.9t₹149.0t₹12.6t23x21.8x1.8x
Mon, 17 Apr 2023₹263.4t₹145.1t₹12.2t21.7x21.6x1.8x
Wed, 15 Mar 2023₹253.9t₹144.9t₹12.2t20.7x20.9x1.8x
Fri, 10 Feb 2023₹265.6t₹143.4t₹12.0t21.9x22.1x1.9x
Price to Earnings Ratio

22.1x


Total Market Cap: ₹265.6tTotal Earnings: ₹12.0tTotal Revenue: ₹143.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 25.2x202420252026
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 25.2x.
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 9.3% 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 Market0.61%
Industrials4.27%
Utilities2.88%
Energy2.24%
Real Estate2.16%
Consumer Discretionary0.36%
Tech0.096%
Financials-0.39%
Healthcare-0.41%
Materials-0.56%
Telecom-0.60%
Consumer Staples-1.18%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 39.4x.
    • 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 14.0% 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 30% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 6.0% 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₹1.44k4.1%
+₹765.9b		11.8%PE23.4xEnergy
ADANIPORTS Adani Ports and Special Economic Zone₹1.53k12.2%
+₹384.5b		36.1%PE29.5xIndustrials
HDFCBANK HDFC Bank₹948.702.4%
+₹343.1b		10.3%PB2.6xFinancials
500510 Larsen & Toubro₹4.04k6.5%
+₹340.7b		17.3%PE32.4xIndustrials
512599 Adani Enterprises₹2.20k12.3%
+₹312.0b		-4.4%PE37xIndustrials
See more

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