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Indian (NIFTY) Market Analysis & Valuation

UpdatedAug 01, 2026
DataAggregated Company Financials
Companies5085
  • 7D2.0%
  • 3M3.4%
  • 1Y3.6%
  • YTD-0.1%

The market is up 2.0% in the last 7 days, led by the Financials and Consumer Discretionary sectors. In the last year, the market has climbed 3.6%. Looking forward, earnings are forecast to grow by 16% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 01 Aug 2026₹479.8t₹201.1t₹19.7t23.3x24.3x2.4x
Mon, 29 Jun 2026₹471.3t₹197.4t₹19.5t23.9x24.2x2.4x
Wed, 27 May 2026₹467.9t₹196.3t₹19.5t23.5x24x2.4x
Fri, 24 Apr 2026₹465.6t₹191.4t₹18.8t23.8x24.8x2.4x
Sun, 22 Mar 2026₹428.9t₹191.2t₹18.7t21.2x22.9x2.2x
Tue, 17 Feb 2026₹467.7t₹189.6t₹18.7t23.1x25x2.5x
Thu, 15 Jan 2026₹468.3t₹184.4t₹18.2t24.6x25.7x2.5x
Sat, 13 Dec 2025₹469.1t₹184.2t₹18.2t25.5x25.8x2.5x
Mon, 10 Nov 2025₹466.2t₹181.6t₹18.1t27.6x25.7x2.6x
Wed, 08 Oct 2025₹459.3t₹179.0t₹17.6t27.8x26x2.6x
Fri, 05 Sep 2025₹450.4t₹177.8t₹17.6t27.7x25.6x2.5x
Sun, 03 Aug 2025₹442.3t₹175.2t₹17.4t29x25.4x2.5x
Tue, 01 Jul 2025₹459.4t₹173.4t₹17.1t29.6x26.8x2.7x
Thu, 29 May 2025₹442.2t₹173.4t₹17.2t27.9x25.8x2.6x
Sat, 26 Apr 2025₹418.6t₹169.3t₹16.6t26.7x25.2x2.5x
Mon, 24 Mar 2025₹408.9t₹169.0t₹16.8t25.8x24.4x2.4x
Wed, 19 Feb 2025₹394.5t₹168.9t₹16.8t25.7x23.5x2.3x
Fri, 17 Jan 2025₹426.3t₹167.9t₹16.4t31.2x26x2.5x
Sun, 15 Dec 2024₹457.4t₹167.6t₹16.3t33x28x2.7x
Tue, 12 Nov 2024₹440.8t₹166.6t₹16.3t33x27.1x2.6x
Thu, 10 Oct 2024₹459.0t₹163.0t₹16.0t33.5x28.7x2.8x
Sat, 07 Sep 2024₹456.9t₹162.8t₹16.0t34.5x28.6x2.8x
Mon, 05 Aug 2024₹453.1t₹161.8t₹15.8t34.5x28.7x2.8x
Wed, 03 Jul 2024₹440.1t₹160.1t₹15.8t33.5x27.9x2.7x
Fri, 31 May 2024₹408.6t₹165.5t₹16.6t30.1x24.6x2.5x
Sun, 28 Apr 2024₹399.7t₹156.3t₹15.0t31.7x26.6x2.6x
Tue, 26 Mar 2024₹378.0t₹154.9t₹14.8t29x25.6x2.4x
Thu, 22 Feb 2024₹384.2t₹154.8t₹14.8t31.5x26x2.5x
Sat, 20 Jan 2024₹369.3t₹153.1t₹14.2t31.3x25.9x2.4x
Mon, 18 Dec 2023₹353.8t₹152.2t₹14.2t29.1x25x2.3x
Wed, 15 Nov 2023₹318.6t₹152.7t₹14.2t27.6x22.4x2.1x
Fri, 13 Oct 2023₹318.4t₹151.3t₹13.2t28.2x24.2x2.1x
Sun, 10 Sep 2023₹322.4t₹152.3t₹13.4t28x24.1x2.1x
Tue, 08 Aug 2023₹307.5t₹151.9t₹13.3t27x23x2x
Price to Earnings Ratio

23x


Total Market Cap: ₹307.5tTotal Earnings: ₹13.3tTotal Revenue: ₹151.9tTotal 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 9.8% 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 Market2.00%
Tech4.98%
Consumer Discretionary3.77%
Telecom3.08%
Healthcare2.68%
Financials2.17%
Real Estate2.03%
Materials1.48%
Energy1.10%
Industrials0.64%
Consumer Staples0.0077%
Utilities-0.55%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 40.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 21.9%, which is higher than its past year's earnings growth of 16.5% 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 27% 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
BAJFINANCE Bajaj Finance₹1.14k12.7%
+₹798.4b		30.3%PE34.9xFinancials
532454 Bharti Airtel₹1.97k3.8%
+₹438.8b		4.6%PE45xTelecom
RELIANCE Reliance Industries₹1.31k2.3%
+₹403.3b		-6.2%PE23.7xEnergy
TCS Tata Consultancy Services₹2.37k4.9%
+₹402.7b		-21.2%PE17.2xTech
INFY Infosys₹1.13k8.6%
+₹361.2b		-23.1%PE14.4xTech
See more

Market Insights

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Latest News

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MARUTI
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5.9%
1Y
15.7%
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BAJFINANCE
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12.7%
1Y
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INFY
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7D
8.6%
1Y
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Narrative Update • Jul 30

INFY: AI Headwinds And CEO Transition Will Test Margin Resilience

Infosys' updated fair value estimate has shifted lower to about ₹1,199 from roughly ₹1,395. This reflects the recent wave of reduced analyst price targets as they respond to softer Q1 performance, trimmed revenue guidance, and concerns around weaker organic growth, pricing pressure, and AI related productivity impacts.
ADANIPORTS
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Adani Ports and Special Economic Zone
7D
-4.1%
1Y
25.9%
Narrative Update • Jul 30

ADANIPORTS: Argentina LNG Marine Services Expansion Will Shape Future Returns

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HINDUNILVR
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Hindustan Unilever
7D
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1Y
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Narrative Update • Jul 29

HINDUNILVR: Dividend Payouts And Capacity Expansion Will Support Future Upside Potential

Analysts now place Hindustan Unilever's fair value at ₹2,493 from ₹2,557, reflecting slightly lower assumptions for revenue growth, profit margin and future P/E while keeping the overall risk profile broadly similar. What’s in the News for Hindustan Unilever Hindustan Unilever has scheduled multiple board meetings in 2026 and 2027 to review financial results, including first quarter results on July 28, 2026, second quarter and half yearly results on October 28, 2026, and third quarter results on February 11, 2027.
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Coal India
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1Y
11.2%
500049
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Bharat Electronics
7D
-4.3%
1Y
2.9%
Narrative Update • Jul 28

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The analyst price target for Bharat Electronics has been revised from ₹585 to ₹550 as analysts fine tune their assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. What’s in the News for Bharat Electronics Bharat Electronics has scheduled a board meeting on Jul 27, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter ended Jun 30, 2026, and to review a proposal to increase authorised share capital.
ONGC
₹242.53
Oil and Natural Gas
7D
-2.5%
1Y
2.4%
532454
₹1,971.15
Bharti Airtel
7D
3.8%
1Y
4.6%
DMART
₹3,921.00
Avenue Supermarts
7D
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1Y
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BAJAJFINSV
₹2,029.10
Bajaj Finserv
7D
8.1%
1Y
5.9%
Narrative Update • Jul 21

BAJAJFINSV: Upcoming Results And Centenary Dividends Will Support Bullish Outlook

Analysts have reduced their Bajaj Finserv price target from ₹2,710 to ₹2,430. This reflects updated assumptions around slightly lower profit margins, a revised discount rate, a higher future P/E multiple, and adjusted revenue growth expectations.
TCS
₹2,365.60
Tata Consultancy Services
7D
4.9%
1Y
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Narrative Update • Jul 21

TCS: JFK Terminal Partnership And AI Alliances Will Support ReRating

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RELIANCE
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Reliance Industries
7D
2.3%
1Y
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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
₹3,398.50
Mahindra & Mahindra
7D
7.5%
1Y
7.6%