Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Market Analysis & Valuation

UpdatedSep 16, 2026
DataAggregated Company Financials
Companies5149
  • 7D-2.9%
  • 3M-2.1%
  • 1Y-3.9%
  • YTD-3.6%

Over the last 7 days, the market has dropped 2.9%, driven by declines in every sector, especially the Financials sector. As for last year, the market is also down 3.9%. 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
Thu, 17 Sep 2026₹466.6t₹208.7t₹20.2t22.1x23.1x2.2x
Sat, 15 Aug 2026₹485.6t₹205.4t₹20.1t22.5x24.2x2.4x
Mon, 13 Jul 2026₹477.6t₹197.6t₹19.5t23.8x24.5x2.4x
Wed, 10 Jun 2026₹457.8t₹197.4t₹19.5t23.2x23.5x2.3x
Fri, 08 May 2026₹472.0t₹193.0t₹18.9t24.2x24.9x2.4x
Sun, 05 Apr 2026₹421.9t₹191.2t₹18.7t20.7x22.5x2.2x
Tue, 03 Mar 2026₹463.2t₹191.0t₹18.7t22.5x24.8x2.4x
Thu, 29 Jan 2026₹459.3t₹186.3t₹18.4t23.4x25x2.5x
Sat, 27 Dec 2025₹472.9t₹184.3t₹18.2t25.4x25.9x2.6x
Mon, 24 Nov 2025₹465.7t₹173.7t₹17.6t26.3x26.5x2.7x
Wed, 22 Oct 2025₹470.2t₹179.8t₹17.8t27.8x26.4x2.6x
Fri, 19 Sep 2025₹464.5t₹178.0t₹17.6t28.4x26.4x2.6x
Sun, 17 Aug 2025₹444.5t₹177.7t₹17.7t27.3x25.2x2.5x
Tue, 15 Jul 2025₹455.4t₹173.6t₹17.2t29.6x26.5x2.6x
Thu, 12 Jun 2025₹454.3t₹173.4t₹17.1t29.7x26.5x2.6x
Sat, 10 May 2025₹412.9t₹170.3t₹16.9t25.5x24.4x2.4x
Mon, 07 Apr 2025₹399.1t₹169.0t₹16.8t25.5x23.8x2.4x
Wed, 05 Mar 2025₹381.0t₹169.0t₹16.8t24.4x22.7x2.3x
Fri, 31 Jan 2025₹413.0t₹163.1t₹16.4t29.2x25.2x2.5x
Sun, 29 Dec 2024₹440.6t₹167.9t₹16.4t32.4x26.9x2.6x
Tue, 26 Nov 2024₹437.5t₹167.5t₹16.3t31.1x26.8x2.6x
Thu, 24 Oct 2024₹441.2t₹164.4t₹16.1t32.7x27.3x2.7x
Sat, 21 Sep 2024₹468.4t₹163.0t₹16.0t34.3x29.3x2.9x
Mon, 19 Aug 2024₹447.6t₹162.7t₹16.0t32.5x28x2.8x
Wed, 17 Jul 2024₹453.3t₹160.2t₹15.8t34.1x28.7x2.8x
Fri, 14 Jun 2024₹427.4t₹160.1t₹15.8t31.9x27.1x2.7x
Sun, 12 May 2024₹393.5t₹157.8t₹15.3t30.9x25.6x2.5x
Tue, 09 Apr 2024₹396.4t₹154.9t₹14.8t31.1x26.9x2.6x
Thu, 07 Mar 2024₹386.8t₹154.8t₹14.8t30.4x26.2x2.5x
Sat, 03 Feb 2024₹378.4t₹154.2t₹14.7t31.7x25.8x2.5x
Mon, 01 Jan 2024₹359.9t₹152.3t₹14.2t29.7x25.4x2.4x
Wed, 29 Nov 2023₹327.4t₹152.2t₹14.2t27.9x23.1x2.2x
Fri, 27 Oct 2023₹302.6t₹151.9t₹13.4t27x22.6x2x
Sun, 24 Sep 2023₹319.3t₹152.2t₹13.4t27.4x23.8x2.1x
Price to Earnings Ratio

23.8x


Total Market Cap: ₹319.3tTotal Earnings: ₹13.4tTotal Revenue: ₹152.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 25.6x202420252026
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 25.6x.
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-2.91%
Telecom-1.07%
Tech-1.35%
Consumer Staples-2.10%
Utilities-2.16%
Healthcare-2.18%
Financials-2.59%
Consumer Discretionary-2.86%
Energy-2.95%
Industrials-4.08%
Materials-4.43%
Real Estate-5.87%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 40.5x.
    • 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 20.6% 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 16% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 10% 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
HDFCBANK HDFC Bank₹721.505.0%
+₹530.2b		-25.3%PB1.8xFinancials
532454 Bharti Airtel₹1.84k1.0%
+₹113.5b		-5.4%PE39.6xTelecom
INFY Infosys₹1.06k2.4%
+₹101.2b		-30.4%PE13.5xTech
HCLTECH HCL Technologies₹1.25k1.9%
+₹62.8b		-15.4%PE18.5xTech
TECHM Tech Mahindra₹1.56k3.3%
+₹44.3b		0.7%PE26.9xTech
See more

Market Insights

Header cover image
Greater regulatory scrutiny is catching up with digital platforms, posing a rising risk for social media stocks. But as Big Tobacco discovered, that's not always a bad outcome for shareholders.
Continue reading
What 13F filings won't tell you about a billionaire's stock picks

Latest News

HDFCBANK
₹721.50
HDFC Bank
7D
5.0%
1Y
-25.3%
TECHM
₹1,558.00
Tech Mahindra
7D
3.3%
1Y
0.7%
BAJFINANCE
₹1,006.20
Bajaj Finance
7D
-3.2%
1Y
-0.1%
HINDUNILVR
₹1,962.00
Hindustan Unilever
7D
0.9%
1Y
-23.6%
Narrative Update • Sep 07

HINDUNILVR: Dividend Strength And Stable Margins Will Support Future Upside Potential

Analysts have trimmed their price target for Hindustan Unilever from ₹2,493 to about ₹2,424, reflecting slightly higher discount rate assumptions and only marginal tweaks to growth, margin and future P/E expectations. What's in the News for Hindustan Unilever Hindustan Unilever held an Analyst and Investor Day, giving investors updated access to management views and business priorities.
512599
₹2,924.10
Adani Enterprises
7D
-5.7%
1Y
21.7%
Narrative Update • Sep 03

512599: Aluminium Expansion In Odisha Will Drive Long Term Upside Potential

Analysts have modestly lifted their fair value estimate for Adani Enterprises, moving the price target from ₹3,744 to ₹3,880 as they fine tune assumptions on discount rates, revenue growth, profit margins and future P/E levels. What’s in the News for Adani Enterprises Adani Enterprises entered a long term partnership with Dioxycle to develop and scale low carbon chemical production in India, starting with a pilot facility that will use captured carbon dioxide and renewable electricity to produce formic acid, with plans to expand into a wider set of chemicals across energy, materials, packaging and manufacturing sectors.
HCLTECH
₹1,253.00
HCL Technologies
7D
1.9%
1Y
-15.4%
Narrative Update • Sep 03

HCLTECH: AI Data Center Expansion Will Likely Pressure Profitability

Analysts have lifted their price target for HCL Technologies from ₹1,021.19 to ₹1,045.00, reflecting updated views on its fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What’s in the News for HCL Technologies HCLTech signed a new seven year agreement with The Guardian Life Insurance Company of America to support AI powered modernization across technology and operations, and will acquire Guardian India, integrating nearly 2,000 employees into a dedicated unit focused on Guardian.
SOLARINDS
₹18,900.00
Solar Industries India
7D
-15.5%
1Y
27.5%
Narrative Update • Sep 03

SOLARINDS: Richer P/E Will Likely Outrun Slower Earnings Trajectory

Analysts have raised their price target for Solar Industries India from about ₹13,830 to roughly ₹15,180. This change reflects updated assumptions for slightly lower revenue growth and profit margins, a modestly reduced discount rate, and a higher future P/E multiple.
HAL
₹4,695.60
Hindustan Aeronautics
7D
-6.1%
1Y
-4.0%
Narrative Update • Sep 03

HAL: Aravalli Engine Partnership Will Drive Long-Term Upside Potential

Analysts have raised their price target for Hindustan Aeronautics from ₹6,300 to ₹6,800, citing updated assumptions on revenue growth, profit margins, future P/E and discount rates as key drivers of the new fair value estimate. What's in the News for Hindustan Aeronautics Hindustan Aeronautics and Safran Helicopter Engines signed a contract with joint venture SAFHAL Helicopter Engines Pvt.
ICICIAMC
₹3,086.30
ICICI Prudential Asset Management
7D
2.8%
1Y
n/a
RELIANCE
₹1,240.00
Reliance Industries
7D
-3.0%
1Y
-12.3%
ADANIPOWER
₹202.34
Adani Power
7D
-5.8%
1Y
60.5%
INFY
₹1,060.00
Infosys
7D
2.4%
1Y
-30.4%
500188
₹568.45
Hindustan Zinc
7D
-6.2%
1Y
23.8%
Narrative Update • Aug 24

500188: Slowing Revenue And Margin Pressure Will Weigh On Future Earnings

Analysts have trimmed their price target on Hindustan Zinc from ₹520.00 to ₹480.00, reflecting lower revenue growth expectations, a slightly softer profit margin outlook and a reduced future P/E assumption in their models. What’s in the News for Hindustan Zinc Hindustan Zinc plans a leadership transition at the top.
ICICIBANK
₹1,358.80
ICICI Bank
7D
-2.2%
1Y
-4.3%
ITC
₹264.15
ITC
7D
1.3%
1Y
-35.5%
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...
532454
₹1,837.00
Bharti Airtel
7D
1.0%
1Y
-5.4%