Header cover image

Indian (NIFTY) Market Analysis & Valuation

UpdatedApr 28, 2025
DataAggregated Company Financials
Companies4598
  • 7D0.4%
  • 3M2.2%
  • 1Y1.2%
  • YTD-5.9%

In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 5.3%. As for the longer term, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 17% annually.

Market Valuation and Performance

Has the Indian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 28 Apr 2025₹418.6t₹169.6t₹16.8t26.8x24.9x2.5x
Wed, 26 Mar 2025₹410.8t₹169.0t₹16.8t25.6x24.5x2.4x
Fri, 21 Feb 2025₹401.1t₹169.0t₹16.8t26.4x23.9x2.4x
Sun, 19 Jan 2025₹426.7t₹167.9t₹16.4t31.3x26x2.5x
Tue, 17 Dec 2024₹457.9t₹167.6t₹16.3t33.1x28x2.7x
Thu, 14 Nov 2024₹427.6t₹166.6t₹16.2t31.6x26.3x2.6x
Sat, 12 Oct 2024₹459.5t₹163.1t₹16.0t33.7x28.7x2.8x
Mon, 09 Sep 2024₹457.1t₹162.9t₹16.0t34.4x28.6x2.8x
Wed, 07 Aug 2024₹435.8t₹161.9t₹15.8t33.3x27.6x2.7x
Fri, 05 Jul 2024₹445.2t₹160.1t₹15.8t34.2x28.2x2.8x
Sun, 02 Jun 2024₹410.3t₹165.5t₹16.6t30.1x24.7x2.5x
Tue, 30 Apr 2024₹402.0t₹156.7t₹15.1t31.7x26.7x2.6x
Thu, 28 Mar 2024₹378.9t₹154.9t₹14.8t28.6x25.6x2.4x
Sat, 24 Feb 2024₹388.2t₹154.8t₹14.8t31.9x26.3x2.5x
Mon, 22 Jan 2024₹370.3t₹153.3t₹14.3t31.4x25.9x2.4x
Wed, 20 Dec 2023₹355.0t₹152.2t₹14.2t29.5x25.1x2.3x
Fri, 17 Nov 2023₹321.8t₹152.3t₹14.2t27.7x22.7x2.1x
Sun, 15 Oct 2023₹318.2t₹151.2t₹13.2t28.4x24.2x2.1x
Tue, 12 Sep 2023₹325.1t₹152.3t₹13.4t28.3x24.3x2.1x
Thu, 10 Aug 2023₹308.5t₹151.4t₹13.3t27x23.2x2x
Sat, 08 Jul 2023₹296.8t₹150.0t₹12.5t26x23.8x2x
Mon, 05 Jun 2023₹282.4t₹150.2t₹12.5t24.4x22.6x1.9x
Wed, 03 May 2023₹269.3t₹146.0t₹12.3t22.2x22x1.8x
Fri, 31 Mar 2023₹252.5t₹144.9t₹12.2t20x20.8x1.7x
Sun, 26 Feb 2023₹257.3t₹144.7t₹12.2t21.1x21.2x1.8x
Tue, 24 Jan 2023₹277.9t₹140.3t₹11.9t23x23.3x2x
Thu, 22 Dec 2022₹280.6t₹139.1t₹11.9t22.7x23.6x2x
Sat, 19 Nov 2022₹279.4t₹139.0t₹11.9t22.3x23.5x2x
Mon, 17 Oct 2022₹263.9t₹131.5t₹11.9t21.9x22.2x2x
Wed, 14 Sep 2022₹275.5t₹130.9t₹11.9t22.5x23.2x2.1x
Fri, 12 Aug 2022₹267.6t₹129.4t₹11.7t21.1x22.9x2.1x
Sun, 10 Jul 2022₹245.7t₹122.1t₹11.3t21x21.6x2x
Tue, 07 Jun 2022₹250.5t₹122.1t₹11.4t20.3x22x2.1x
Thu, 05 May 2022₹253.6t₹109.2t₹10.8t21.4x23.5x2.3x
Price to Earnings Ratio

23.5x


Total Market Cap: ₹253.6tTotal Earnings: ₹10.8tTotal Revenue: ₹109.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 24.4x202320242025
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 24.4x.
Past Earnings Growth
  • The earnings for Indian listed companies have grown 16% per year over the last three years.
  • Revenues for these companies have grown 16% 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 Market0.41%
Tech5.31%
Energy1.17%
Real Estate1.00%
Materials0.36%
Healthcare0.35%
Financials0.18%
Consumer Staples-0.18%
Consumer Discretionary-0.24%
Industrials-0.46%
Utilities-1.18%
Telecom-2.54%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading close to its 3-year average PE ratio of 48.6x.
    • Analysts are expecting annual earnings growth of 15.7%, which is lower than the prior year's growth of 18.9% per year.
  • The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 13.1x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 7.0% per year.
  • In contrast, the Tech 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
TCS Tata Consultancy Services₹3.45k4.5%
+₹539.5b
-9.8%PE25.7xTech
HCLTECH HCL Technologies₹1.58k9.7%
+₹377.8b
7.1%PE24.5xTech
INFY Infosys₹1.48k4.3%
+₹251.5b
3.5%PE22.8xTech
M&M Mahindra & Mahindra₹2.86k6.9%
+₹206.0b
40.1%PE25.8xConsumer Discretionary
TECHM Tech Mahindra₹1.46k11.9%
+₹137.3b
14.3%PE30.4xTech
See more
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

The term ‘ Fiscal Dominance ’ has been popping up more in recent years, thanks to rising U.S. deficits. For the sake of your portfolio, this trend and its consequences are worth knowing about.

Latest News

532215

₹1,165.30

Axis Bank

7D

-2.1%

1Y

3.1%

ADANIPORTS

₹1,193.00

Adani Ports and Special Economic Zone

7D

-5.3%

1Y

-9.9%

532454

₹1,815.60

Bharti Airtel

7D

-3.9%

1Y

37.0%

TECHM

₹1,462.00

Tech Mahindra

7D

11.9%

1Y

14.3%

HCLTECH

₹1,578.20

HCL Technologies

7D

9.7%

1Y

7.1%

M&M

₹2,864.20

Mahindra & Mahindra

7D

6.9%

1Y

40.1%

INFY

₹1,480.20

Infosys

7D

4.3%

1Y

3.5%

521238

₹779.45

Bharat Global Developers

7D

-22.6%

1Y

8,544.5%

LICI

₹791.20

Life Insurance Corporation of India

7D

-3.2%

1Y

-19.3%

500570

₹654.85

Tata Motors

7D

5.4%

1Y

-34.5%

500850

₹785.50

Indian Hotels

7D

-6.6%

1Y

38.2%