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Indian (NIFTY) Market Analysis & Valuation

UpdatedAug 16, 2026
DataAggregated Company Financials
Companies5105
  • 7D-0.4%
  • 3M5.1%
  • 1Y4.6%
  • YTD0.8%

The market has stayed flat over the 7 days. Meanwhile, the market is actually up 4.6% 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
Sun, 16 Aug 2026₹485.5t₹205.5t₹20.0t22.4x24.2x2.4x
Tue, 14 Jul 2026₹477.9t₹197.6t₹19.5t24.1x24.5x2.4x
Thu, 11 Jun 2026₹453.7t₹197.4t₹19.5t23x23.3x2.3x
Sat, 09 May 2026₹472.7t₹193.4t₹19.0t24.6x24.9x2.4x
Mon, 06 Apr 2026₹421.9t₹191.3t₹18.7t20.7x22.5x2.2x
Wed, 04 Mar 2026₹456.1t₹191.0t₹18.7t22x24.4x2.4x
Fri, 30 Jan 2026₹459.8t₹186.9t₹18.4t23.2x25x2.5x
Sun, 28 Dec 2025₹472.9t₹184.3t₹18.2t25.4x25.9x2.6x
Tue, 25 Nov 2025₹462.7t₹173.7t₹17.6t25.8x26.3x2.7x
Thu, 23 Oct 2025₹470.2t₹179.8t₹17.8t27.9x26.4x2.6x
Sat, 20 Sep 2025₹465.0t₹178.0t₹17.6t28.4x26.4x2.6x
Mon, 18 Aug 2025₹444.5t₹177.7t₹17.7t27.3x25.2x2.5x
Wed, 16 Jul 2025₹457.9t₹173.6t₹17.2t30x26.7x2.6x
Fri, 13 Jun 2025₹448.4t₹173.4t₹17.1t29.6x26.1x2.6x
Sun, 11 May 2025₹412.9t₹170.7t₹17.0t25.5x24.3x2.4x
Tue, 08 Apr 2025₹384.8t₹169.0t₹16.8t24.5x22.9x2.3x
Thu, 06 Mar 2025₹388.9t₹169.0t₹16.8t25x23.2x2.3x
Sat, 01 Feb 2025₹419.1t₹163.3t₹16.3t29.3x25.7x2.6x
Mon, 30 Dec 2024₹440.6t₹167.9t₹16.4t32.4x26.9x2.6x
Wed, 27 Nov 2024₹438.7t₹167.5t₹16.3t31.3x26.8x2.6x
Fri, 25 Oct 2024₹439.7t₹164.7t₹16.2t32.6x27.2x2.7x
Sun, 22 Sep 2024₹468.4t₹163.0t₹16.0t34.3x29.3x2.9x
Tue, 20 Aug 2024₹450.3t₹162.7t₹16.0t32.9x28.2x2.8x
Thu, 18 Jul 2024₹453.3t₹160.2t₹15.8t34.1x28.7x2.8x
Sat, 15 Jun 2024₹432.9t₹160.1t₹15.8t32.3x27.4x2.7x
Mon, 13 May 2024₹393.5t₹157.8t₹15.3t30.9x25.6x2.5x
Wed, 10 Apr 2024₹395.5t₹154.9t₹14.8t31.1x26.8x2.6x
Fri, 08 Mar 2024₹386.8t₹154.8t₹14.8t30.5x26.2x2.5x
Sun, 04 Feb 2024₹378.4t₹154.5t₹14.7t31.9x25.7x2.4x
Tue, 02 Jan 2024₹361.3t₹152.3t₹14.2t29.9x25.5x2.4x
Thu, 30 Nov 2023₹329.8t₹152.3t₹14.2t27.9x23.2x2.2x
Sat, 28 Oct 2023₹302.7t₹152.1t₹13.5t27.5x22.4x2x
Mon, 25 Sep 2023₹319.3t₹152.2t₹13.4t27.4x23.8x2.1x
Wed, 23 Aug 2023₹310.4t₹152.2t₹13.4t26.5x23.2x2x
Price to Earnings Ratio

23.2x


Total Market Cap: ₹310.4tTotal Earnings: ₹13.4tTotal Revenue: ₹152.2tTotal 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 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-0.36%
Telecom1.84%
Real Estate0.92%
Industrials0.84%
Healthcare-0.17%
Consumer Discretionary-0.18%
Financials-0.33%
Consumer Staples-0.67%
Tech-1.16%
Utilities-1.26%
Materials-1.40%
Energy-1.66%
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 23.2%, which is higher than its past year's earnings growth of 18.7% 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 19% 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₹413.504.9%
+₹246.7b		-6.8%PE8.1xFinancials
532454 Bharti Airtel₹1.99k1.7%
+₹205.8b		6.3%PE43xTelecom
IDEA Vodafone Idea₹14.1110.8%
+₹149.5b		129.4%PE4.1xTelecom
500530 Bosch₹47.06k12.0%
+₹149.3b		21.9%PE58.7xConsumer Discretionary
POWERINDIA Hitachi Energy India₹35.70k9.5%
+₹138.2b		75.0%PE138.3xIndustrials
See more

Market Insights

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Latest News

SOLARINDS
₹19,969.00
Solar Industries India
7D
7.1%
1Y
32.2%
Analysis Article • 2h

Solar Industries India Limited Just Beat Revenue By 26%: Here's What Analysts Think Will Happen Next

A week ago, Solar Industries India Limited ( NSE:SOLARINDS ) came out with a strong set of first-quarter numbers that...
GODREJCP
₹934.30
Godrej Consumer Products
7D
-11.0%
1Y
-21.1%
IDEA
₹14.11
Vodafone Idea
7D
10.8%
1Y
129.4%
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
₹47,061.00
Bosch
7D
12.0%
1Y
21.9%
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.
POWERINDIA
₹35,700.00
Hitachi Energy India
7D
9.5%
1Y
75.0%
Narrative Update • Aug 12

POWERINDIA: Higher Margins And Dividend Outlook Will Shape Future Expectations

Analysts have raised their fair value estimate for Hitachi Energy India from about ₹33,321 to roughly ₹36,660, citing updated assumptions that include a slightly lower discount rate, more moderate revenue growth expectations, a higher profit margin outlook, and a reduced future P/E multiple. What’s in the News for Hitachi Energy India A board meeting is scheduled on May 25, 2026 to review audited financial results for the fourth quarter and full year ended March 31, 2026, and to consider a dividend recommendation for the year.
SBIN
₹1,067.70
State Bank of India
7D
-2.7%
1Y
29.2%
Narrative Update • Aug 10

SBIN: Upcoming CFO Transition And Debt Raise Will Support Bullish Outlook

Analysts have raised their price target for State Bank of India from ₹1,195.61 to ₹1,245.89, citing changes to discount rate assumptions, revenue growth expectations, profit margins and forward P/E inputs in their valuation models. What’s in the News for State Bank of India State Bank of India scheduled a Board meeting on August 7, 2026, to consider the financial results for the quarter ended June 30, 2026.
500188
₹561.90
Hindustan Zinc
7D
-6.5%
1Y
31.7%
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
₹376.00
Power Finance
7D
-10.5%
1Y
-9.7%
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.
500114
₹5,079.00
Titan
7D
2.8%
1Y
45.6%
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.
LICI
₹413.50
Life Insurance Corporation of India
7D
4.9%
1Y
-6.8%
ULTRACEMCO
₹11,619.00
UltraTech Cement
7D
-4.0%
1Y
-5.7%
Narrative Update • Aug 05

ULTRACEMCO: Dividend Commitment And Board Actions Will Support Future Upside

Analysts have raised their fair value estimate for UltraTech Cement from about ₹13,636 to roughly ₹13,912, citing updated assumptions on revenue growth, profit margins, discount rate and future P/E that together support a higher price target. What's in the News UltraTech Cement has announced an annual dividend of ₹240.00 per share, with the dividend payable on September 16, 2026.
TCS
₹2,361.00
Tata Consultancy Services
7D
-3.7%
1Y
-21.9%
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.
VAML
₹443.80
Vedanta Aluminium Metal
7D
-5.6%
1Y
n/a
532454
₹1,992.00
Bharti Airtel
7D
1.7%
1Y
6.3%
DMART
₹4,060.00
Avenue Supermarts
7D
4.1%
1Y
-6.8%
RELIANCE
₹1,310.00
Reliance Industries
7D
-1.9%
1Y
-4.6%
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...