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Indian (NIFTY) Market Analysis & Valuation

UpdatedAug 18, 2026
DataAggregated Company Financials
Companies5100
  • 7D-0.6%
  • 3M5.1%
  • 1Y3.1%
  • YTD0.6%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. As for the longer term, the market has risen 3.1% in the past 12 months. 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, 18 Aug 2026₹485.0t₹206.7t₹20.1t22.1x24.2x2.3x
Thu, 16 Jul 2026₹476.4t₹197.6t₹19.5t23.9x24.4x2.4x
Sat, 13 Jun 2026₹460.0t₹197.4t₹19.5t23.1x23.6x2.3x
Mon, 11 May 2026₹472.7t₹193.8t₹19.0t24.6x24.9x2.4x
Wed, 08 Apr 2026₹428.9t₹191.3t₹18.7t21.4x22.9x2.2x
Fri, 06 Mar 2026₹452.3t₹191.0t₹18.7t21.8x24.2x2.4x
Sun, 01 Feb 2026₹459.6t₹187.3t₹18.5t23.3x24.9x2.5x
Tue, 30 Dec 2025₹470.6t₹184.3t₹18.2t25.3x25.8x2.6x
Thu, 27 Nov 2025₹468.3t₹173.7t₹17.6t26.1x26.6x2.7x
Sat, 25 Oct 2025₹468.2t₹179.8t₹17.8t27.8x26.3x2.6x
Mon, 22 Sep 2025₹465.1t₹178.6t₹17.6t28.4x26.4x2.6x
Wed, 20 Aug 2025₹453.6t₹177.7t₹17.7t27.8x25.7x2.6x
Fri, 18 Jul 2025₹458.3t₹173.7t₹17.2t30.2x26.7x2.6x
Sun, 15 Jun 2025₹445.9t₹173.4t₹17.1t29.6x26x2.6x
Tue, 13 May 2025₹428.8t₹170.7t₹16.9t26.6x25.4x2.5x
Thu, 10 Apr 2025₹389.5t₹169.0t₹16.8t24.9x23.2x2.3x
Sat, 08 Mar 2025₹394.2t₹169.0t₹16.8t25.8x23.5x2.3x
Mon, 03 Feb 2025₹418.7t₹163.4t₹16.4t29.1x25.5x2.6x
Wed, 01 Jan 2025₹440.0t₹167.9t₹16.4t32.4x26.9x2.6x
Fri, 29 Nov 2024₹441.0t₹167.5t₹16.3t31.7x27x2.6x
Sun, 27 Oct 2024₹435.1t₹165.8t₹16.1t31.6x27x2.6x
Tue, 24 Sep 2024₹468.4t₹163.0t₹16.0t34.3x29.3x2.9x
Thu, 22 Aug 2024₹455.3t₹162.7t₹16.0t33.7x28.5x2.8x
Sat, 20 Jul 2024₹446.3t₹160.2t₹15.8t33.5x28.2x2.8x
Mon, 17 Jun 2024₹432.9t₹160.1t₹15.8t32.2x27.4x2.7x
Wed, 15 May 2024₹397.8t₹157.8t₹15.4t31.3x25.9x2.5x
Fri, 12 Apr 2024₹397.7t₹154.9t₹14.8t31.1x26.9x2.6x
Sun, 10 Mar 2024₹388.2t₹154.8t₹14.8t30.5x26.3x2.5x
Tue, 06 Feb 2024₹377.6t₹154.2t₹14.7t32x25.7x2.4x
Thu, 04 Jan 2024₹360.8t₹152.3t₹14.2t30.1x25.5x2.4x
Sat, 02 Dec 2023₹334.1t₹152.1t₹14.1t28.2x23.7x2.2x
Mon, 30 Oct 2023₹307.1t₹152.0t₹13.6t27.5x22.5x2x
Wed, 27 Sep 2023₹319.7t₹152.2t₹13.4t27.3x23.9x2.1x
Fri, 25 Aug 2023₹310.6t₹152.3t₹13.4t26.6x23.2x2x
Price to Earnings Ratio

23.2x


Total Market Cap: ₹310.6tTotal Earnings: ₹13.4tTotal Revenue: ₹152.3tTotal 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 15% per year over the last three years.
  • Revenues for these companies have grown 11% 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-0.55%
Telecom1.60%
Industrials0.84%
Real Estate0.79%
Financials-0.38%
Consumer Discretionary-0.41%
Healthcare-0.53%
Energy-0.80%
Materials-1.09%
Consumer Staples-1.78%
Utilities-1.91%
Tech-2.59%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 40.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 23.3%, which is higher than its past year's earnings growth of 19.2% 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
LICI Life Insurance Corporation of India₹410.004.3%
+₹215.0b		-7.9%PE8xFinancials
532454 Bharti Airtel₹1.97k1.2%
+₹140.3b		4.0%PE42.5xTelecom
500530 Bosch₹46.92k8.5%
+₹108.2b		19.3%PE58.6xConsumer Discretionary
SOLARINDS Solar Industries India₹20.00k6.3%
+₹106.8b		33.7%PE90.9xMaterials
500103 Bharat Heavy Electricals₹435.006.2%
+₹88.8b		100.8%PE62.3xIndustrials
See more

Market Insights

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Latest News

SOLARINDS
₹20,000.00
Solar Industries India
7D
6.3%
1Y
33.7%
LGEINDIA
₹1,667.60
LG Electronics India
7D
7.0%
1Y
n/a
Narrative Update • Aug 15

LGEINDIA: Index Inclusion And Auditor Shift Will Shape Balanced Outlook

Analysts have lifted the fair value estimate for LG Electronics India from about ₹1,725 to about ₹1,785, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News LG Electronics India has scheduled a board meeting on August 13, 2026 to consider and approve unaudited financial results for the quarter ended June 30, 2026.
INFY
₹1,139.90
Infosys
7D
-3.6%
1Y
-20.6%
Narrative Update • Aug 13

INFY: AI Pricing And Productivity Shift Will Shape Medium Term Upside Potential

Analysts have reduced their fair value estimate for Infosys to ₹1,478 from ₹1,705 as price targets across the Street move lower on weaker Q1 results, reduced revenue guidance, and ongoing concerns about AI driven pricing and productivity pressures. Analyst Commentary on Infosys Recent research on Infosys points to a more cautious tone after the Q1 miss and guidance cut, with several firms trimming price targets and downgrading ratings.
HAL
₹5,059.00
Hindustan Aeronautics
7D
2.7%
1Y
12.1%
Narrative Update • Aug 13

HAL: Elevated P/E And Modest Assumption Tweaks Will Likely Cap Returns

Analysts have raised their price target for Hindustan Aeronautics to about ₹3,950 from roughly ₹3,686. This change reflects updated assumptions for slightly higher revenue growth, a marginally stronger profit margin, and a modestly higher future P/E multiple.
IDEA
₹13.71
Vodafone Idea
7D
6.1%
1Y
112.2%
Analysis Article • Aug 13

Vodafone Idea Limited (NSE:IDEA) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

It's been a good week for Vodafone Idea Limited ( NSE:IDEA ) shareholders, because the company has just released its...
500530
₹46,923.80
Bosch
7D
8.5%
1Y
19.3%
Narrative Update • Aug 12

500530: Joint Venture And Dividend Will Shape Future Earnings Multiple

Analysts have raised their price target for Bosch from ₹37,499 to ₹43,728. This reflects updated assumptions around revenue growth, profit margins and future P/E levels.
ADANIPOWER
₹203.56
Adani Power
7D
-3.4%
1Y
70.0%
Narrative Update • Aug 07

ADANIPOWER: Upcoming Capital Raise And Borrowing Expansion Will Support Bullish Outlook

Analysts lifted their price target on Adani Power by about ₹10 to reflect updated assumptions that include a revised fair value estimate of ₹252.56, a slightly lower discount rate, moderated revenue growth expectations, a higher projected profit margin, and a marginally reduced future P/E multiple. What’s in the News for Adani Power A board meeting is scheduled on Jul 22, 2026 at 11:00 Indian Standard Time to consider and approve unaudited financial results for the quarter ended Jun 30, 2026.
LICI
₹410.00
Life Insurance Corporation of India
7D
4.3%
1Y
-7.9%
SUNPHARMA
₹1,882.00
Sun Pharmaceutical Industries
7D
-3.2%
1Y
15.3%
Analysis Article • Aug 05

Results: Sun Pharmaceutical Industries Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

As you might know, Sun Pharmaceutical Industries Limited ( NSE:SUNPHARMA ) recently reported its quarterly numbers. Sun...
TCS
₹2,313.20
Tata Consultancy Services
7D
-4.6%
1Y
-23.2%
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.
ITC
₹273.05
ITC
7D
-3.4%
1Y
-32.8%
Analysis Article • Aug 04

ITC Limited (NSE:ITC) Analysts Are Cutting Their Estimates: Here's What You Need To Know

As you might know, ITC Limited ( NSE:ITC ) recently reported its quarterly numbers. It was a credible result overall...
VAML
₹441.50
Vedanta Aluminium Metal
7D
-6.6%
1Y
n/a
532454
₹1,969.50
Bharti Airtel
7D
1.2%
1Y
4.0%
500103
₹435.00
Bharat Heavy Electricals
7D
6.2%
1Y
100.8%
RELIANCE
₹1,316.00
Reliance Industries
7D
-0.9%
1Y
-4.8%
Analysis Article • Jul 21

Results: Reliance Industries Limited Beat Earnings Expectations And Analysts Now Have New Forecasts

Investors in Reliance Industries Limited ( NSE:RELIANCE ) had a good week, as its shares rose 2.0% to close at ₹1,323...
M&M
₹3,390.40
Mahindra & Mahindra
7D
-3.6%
1Y
0.2%