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Indian (NIFTY) Market Analysis & Valuation

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies5044
  • 7D-0.8%
  • 3M2.0%
  • 1Y-2.9%
  • YTD-4.1%

In the last week, the market has been flat. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 16% 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, 07 Jun 2026₹459.8t₹197.5t₹19.5t23.2x23.6x2.3x
Tue, 05 May 2026₹466.2t₹192.2t₹18.8t24x24.7x2.4x
Thu, 02 Apr 2026₹421.6t₹191.2t₹18.7t20.5x22.5x2.2x
Sat, 28 Feb 2026₹463.2t₹191.0t₹18.7t22.5x24.8x2.4x
Mon, 26 Jan 2026₹451.4t₹186.2t₹18.4t23.1x24.6x2.4x
Wed, 24 Dec 2025₹474.6t₹184.3t₹18.2t25.5x26x2.6x
Fri, 21 Nov 2025₹469.8t₹173.7t₹17.6t26.5x26.7x2.7x
Sun, 19 Oct 2025₹466.2t₹180.1t₹17.8t27.7x26.2x2.6x
Tue, 16 Sep 2025₹458.7t₹177.9t₹17.6t27.9x26x2.6x
Thu, 14 Aug 2025₹444.7t₹177.5t₹17.6t27.9x25.3x2.5x
Sat, 12 Jul 2025₹458.2t₹173.4t₹17.2t29.6x26.7x2.6x
Mon, 09 Jun 2025₹449.7t₹173.4t₹17.1t29.1x26.2x2.6x
Wed, 07 May 2025₹417.8t₹170.1t₹16.9t25.9x24.7x2.5x
Fri, 04 Apr 2025₹409.0t₹169.0t₹16.8t25.9x24.4x2.4x
Sun, 02 Mar 2025₹380.1t₹169.1t₹16.8t24.8x22.6x2.2x
Tue, 28 Jan 2025₹405.4t₹162.7t₹16.3t29.1x24.9x2.5x
Thu, 26 Dec 2024₹439.8t₹167.8t₹16.4t32.3x26.9x2.6x
Sat, 23 Nov 2024₹430.9t₹167.6t₹16.3t30.9x26.4x2.6x
Mon, 21 Oct 2024₹455.0t₹163.5t₹16.1t34.1x28.3x2.8x
Wed, 18 Sep 2024₹466.8t₹162.9t₹16.0t34.4x29.2x2.9x
Fri, 16 Aug 2024₹440.4t₹163.0t₹16.0t32.5x27.5x2.7x
Sun, 14 Jul 2024₹450.4t₹160.2t₹15.8t34x28.5x2.8x
Tue, 11 Jun 2024₹421.6t₹160.0t₹15.8t30.9x26.8x2.6x
Thu, 09 May 2024₹397.7t₹156.8t₹15.2t31.2x26.2x2.5x
Sat, 06 Apr 2024₹394.9t₹154.9t₹14.8t31.5x26.7x2.5x
Mon, 04 Mar 2024₹389.4t₹154.8t₹14.8t31.6x26.4x2.5x
Wed, 31 Jan 2024₹372.6t₹153.8t₹14.6t31.6x25.5x2.4x
Fri, 29 Dec 2023₹358.8t₹152.3t₹14.2t29.6x25.3x2.4x
Sun, 26 Nov 2023₹325.2t₹152.2t₹14.2t27.8x22.9x2.1x
Tue, 24 Oct 2023₹307.9t₹151.8t₹13.4t27.6x23x2x
Thu, 21 Sep 2023₹321.8t₹152.4t₹13.4t27.7x24x2.1x
Sat, 19 Aug 2023₹305.5t₹152.2t₹13.3t26x22.9x2x
Mon, 17 Jul 2023₹303.8t₹150.1t₹12.5t26.1x24.3x2x
Wed, 14 Jun 2023₹287.2t₹149.9t₹12.5t25.2x23x1.9x
Price to Earnings Ratio

23x


Total Market Cap: ₹287.2tTotal Earnings: ₹12.5tTotal Revenue: ₹149.9tTotal 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 16% per year over the last three years.
  • Revenues for these companies have grown 9.6% 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-0.83%
Healthcare0.17%
Consumer Discretionary0.13%
Tech0.053%
Industrials-0.65%
Energy-1.02%
Financials-1.05%
Telecom-1.09%
Real Estate-1.24%
Consumer Staples-1.41%
Utilities-1.66%
Materials-1.77%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading close to its 3-year average PE ratio of 39.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.9%, which is higher than its past year's earnings growth of 15.3% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.6x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 5.5% 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
500114 Titan₹4.26k4.5%
+₹164.6b		19.6%PE74.6xConsumer Discretionary
INFY Infosys₹1.20k3.2%
+₹148.1b		-23.4%PE15.4xTech
512599 Adani Enterprises₹3.05k3.7%
+₹140.8b		20.2%PE43xIndustrials
SBIN State Bank of India₹977.701.4%
+₹122.8b		20.3%PB1.5xFinancials
IDEA Vodafone Idea₹14.956.9%
+₹104.0b		116.0%PE4.7xTelecom
See more

Market Insights

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Latest News

500188
₹567.00
Hindustan Zinc
7D
-10.4%
1Y
12.9%
512599
₹3,047.85
Adani Enterprises
7D
3.7%
1Y
20.2%
ADANIENSOL
₹1,579.00
Adani Energy Solutions
7D
4.3%
1Y
78.6%
Narrative Update • Jun 05

ADANIENSOL: Mumbai HVDC Expansion And Smart Meter Bid Will Shape Balanced Outlook

Analysts have lifted their price target on Adani Energy Solutions from ₹1,129 to ₹1,417.88, citing updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple. What's in the News Adani Energy Solutions is among four shortlisted bidders in the final leg of the proposed sale of smart meter platform IntelliSmart Infrastructure, with the equity value for IntelliSmart cited at about $400 million (₹37,000 million), according to ET.
TCS
₹2,198.90
Tata Consultancy Services
7D
-2.7%
1Y
-35.0%
Narrative Update • Jun 05

TCS: Expanding AI Partnerships Will Drive Future Upside Potential

Analysts have trimmed their fair value estimate for Tata Consultancy Services slightly, with the price target moving from about ₹2,948 to around ₹2,940, reflecting updated assumptions on the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News QAD | Redzone, Amazon Web Services and Tata Consultancy Services (TCS) announced an expanded collaboration to offer a combined manufacturing platform that uses agentic AI, modern ERP and cloud infrastructure to help mid market manufacturers modernize operations, with TCS acting as the architect for phased ERP transformation and integration.
SBIN
₹977.70
State Bank of India
7D
1.4%
1Y
20.3%
Narrative Update • Jun 04

SBIN: Upcoming Dividend And Fundraising Plan Will Support Bullish Outlook

Analysts have trimmed their price target on State Bank of India slightly from ₹1,198.72 to ₹1,195.00 as they factor in a higher discount rate, softer revenue growth assumptions and a lower future P/E, partly offset by a modestly stronger profit margin outlook. What's in the News Board meeting on May 08, 2026 to consider and approve financial results for the quarter and year ended March 31, 2026, review the dividend, and address other matters.
INFY
₹1,197.50
Infosys
7D
3.2%
1Y
-23.4%
Narrative Update • Jun 03

INFY: AI Services Expansion Will Support Margins Despite Recent Model Fine Tuning

Infosys' updated analyst price target edges down by about ₹1 to roughly ₹1,461 as analysts factor in slightly softer revenue growth assumptions, a modestly lower future P/E and a small uptick in expected profit margins. Analyst Commentary Recent Street research on Infosys has focused on fine tuning valuation assumptions, with several firms trimming their price targets in relatively small increments.
RELIANCE
₹1,291.00
Reliance Industries
7D
-2.3%
1Y
-10.6%
Narrative Update • Jun 02

RELIANCE: Long Term Green Ammonia Agreement Will Support Future Earnings Visibility

Analysts have made a marginal adjustment to Reliance Industries' fair value estimate, trimming the price target by about ₹0.47 per share as they balance slightly higher revenue growth assumptions with modestly softer profit margin and a higher forward P/E input in their models. Analyst Commentary Street research around valuation adjustments highlights how quickly analyst conviction can shift when assumptions on growth, margins, or required P/E multiples move, even when the underlying business case remains intact.
500114
₹4,260.00
Titan
7D
4.5%
1Y
19.6%
Narrative Update • Jun 02

500114: Dividend Outlook And Higher Margins Will Support Future Returns

Analysts now place Titan's price target at about ₹5,039, up from roughly ₹4,886. They cite updated assumptions for fair value, a slightly lower discount rate, more conservative revenue growth, a higher profit margin outlook, and a modestly lower future P/E multiple.
NTPC
₹361.65
NTPC
7D
-6.5%
1Y
8.7%
Narrative Update • Jun 02

NTPC: Dividend And Storage Expansion Will Support Future Earnings Appeal

Analysts have nudged their price target for NTPC higher to about ₹436 from roughly ₹425, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News A board meeting is scheduled for May 23, 2026, to review the annual standalone and consolidated financial statements for the year ended March 31, 2026, and to consider a final dividend recommendation for FY 2025-26, subject to shareholder approval.
ADANIGREEN
₹1,525.70
Adani Green Energy
7D
3.4%
1Y
49.8%
Narrative Update • Jun 01

ADANIGREEN: Joint Venture And Governance Moves Will Support Future Earnings Visibility

Analysts have kept the price target for Adani Green Energy unchanged at ₹1,570, citing relatively steady assumptions around revenue growth, profit margins, and future P/E expectations as the main factors behind this stance. What's in the News Adani Green Energy has scheduled a board meeting on April 24, 2026, to consider fourth quarter FY 2025-26 results, board level appointments and reappointments, changes in senior management, and matters related to joint statutory auditors.
ULTRACEMCO
₹10,912.00
UltraTech Cement
7D
-5.0%
1Y
-3.0%
ADANIPOWER
₹232.60
Adani Power
7D
-4.4%
1Y
109.5%
500510
₹3,953.95
Larsen & Toubro
7D
-3.0%
1Y
8.2%
Narrative Update • May 25

500510: New Hydrocarbon And Defence Orders Will Support Future Prospects

Larsen & Toubro's analyst fair value estimate has been adjusted slightly higher from about ₹4,493.17 to roughly ₹4,493.81, as analysts refresh their assumptions on the discount rate, revenue growth, profit margins, and future P/E for the stock. What's in the News L&T entered a collaboration with Exail to offer an Unmanned Mine Counter Measure Suite for the Indian Navy's planned 12 Mine Counter Measure Vessels, with L&T as prime contractor and Exail as technology partner.
IDEA
₹14.95
Vodafone Idea
7D
6.9%
1Y
116.0%
Narrative Update • May 25

IDEA: Funding And Ownership Uncertainty Will Eventually Restrain Recent Share Price Optimism

Analysts have lifted their price target on Vodafone Idea to ₹5.79 from ₹5.19, citing updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Board meeting on May 16, 2026 to review standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026, and to evaluate raising funds through equity shares and or warrants on a preferential basis, subject to required approvals including shareholders.
532454
₹1,798.95
Bharti Airtel
7D
-1.7%
1Y
-3.8%
COALINDIA
₹472.30
Coal India
7D
3.1%
1Y
18.4%
Analysis Article • May 05

Coal India's (NSE:COALINDIA) Problems Go Beyond Weak Profit

The market rallied behind Coal India Limited's ( NSE:COALINDIA ) stock, leading do a rise in the share price after its...