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

Indian (NIFTY) Market Analysis & Valuation

UpdatedJul 29, 2026
DataAggregated Company Financials
Companies5078
  • 7D-1.1%
  • 3M0.9%
  • 1Y0.6%
  • YTD-1.5%

Over the last 7 days, the market has dropped 1.1%, driven by a pullback of 1.8% in the Financials sector. In contrast, the Information Technology sector has actually gained 3.7%. In the last 12 months the market has been flat overall. 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
Wed, 29 Jul 2026₹472.8t₹200.1t₹19.7t23.4x24.1x2.4x
Fri, 26 Jun 2026₹471.2t₹197.4t₹19.5t23.9x24.2x2.4x
Sun, 24 May 2026₹462.0t₹196.3t₹19.5t23.4x23.7x2.4x
Tue, 21 Apr 2026₹464.5t₹191.5t₹18.8t23.5x24.7x2.4x
Thu, 19 Mar 2026₹438.7t₹191.1t₹18.7t21.5x23.5x2.3x
Sat, 14 Feb 2026₹465.2t₹189.3t₹18.7t23.4x24.9x2.5x
Mon, 12 Jan 2026₹467.8t₹184.3t₹18.2t24.8x25.7x2.5x
Wed, 10 Dec 2025₹464.4t₹184.1t₹18.2t25.3x25.5x2.5x
Fri, 07 Nov 2025₹465.3t₹181.2t₹18.1t27.6x25.7x2.6x
Sun, 05 Oct 2025₹456.9t₹178.9t₹17.6t28x25.9x2.6x
Tue, 02 Sep 2025₹447.8t₹177.8t₹17.6t27.7x25.4x2.5x
Thu, 31 Jul 2025₹450.2t₹174.8t₹17.4t29.3x25.8x2.6x
Sat, 28 Jun 2025₹458.3t₹173.4t₹17.1t29.5x26.8x2.6x
Mon, 26 May 2025₹440.4t₹173.1t₹17.1t27.7x25.8x2.5x
Wed, 23 Apr 2025₹424.3t₹169.2t₹16.8t27.3x25.2x2.5x
Fri, 21 Mar 2025₹404.2t₹169.0t₹16.8t25.4x24.1x2.4x
Sun, 16 Feb 2025₹396.7t₹169.0t₹16.7t26.7x23.7x2.3x
Tue, 14 Jan 2025₹415.1t₹167.9t₹16.4t30.3x25.3x2.5x
Thu, 12 Dec 2024₹458.4t₹167.6t₹16.4t33.2x28x2.7x
Sat, 09 Nov 2024₹442.6t₹166.6t₹16.2t33.3x27.3x2.7x
Mon, 07 Oct 2024₹457.8t₹163.0t₹16.0t33.8x28.6x2.8x
Wed, 04 Sep 2024₹462.4t₹162.8t₹16.0t34.3x28.9x2.8x
Fri, 02 Aug 2024₹457.7t₹161.6t₹15.7t34.7x29.1x2.8x
Sun, 30 Jun 2024₹437.1t₹160.1t₹15.8t32.9x27.7x2.7x
Tue, 28 May 2024₹417.8t₹164.5t₹16.6t30.8x25.2x2.5x
Thu, 25 Apr 2024₹397.3t₹155.9t₹14.9t31.6x26.7x2.5x
Sat, 23 Mar 2024₹378.1t₹154.9t₹14.8t29x25.6x2.4x
Mon, 19 Feb 2024₹384.8t₹154.8t₹14.8t31.4x26.1x2.5x
Wed, 17 Jan 2024₹370.6t₹152.5t₹14.2t31.1x26.2x2.4x
Fri, 15 Dec 2023₹351.0t₹152.2t₹14.2t29x24.8x2.3x
Sun, 12 Nov 2023₹316.7t₹152.8t₹14.1t27.7x22.4x2.1x
Tue, 10 Oct 2023₹312.6t₹151.2t₹13.2t27.4x23.8x2.1x
Thu, 07 Sep 2023₹318.8t₹152.3t₹13.4t27.6x23.8x2.1x
Sat, 05 Aug 2023₹306.3t₹151.5t₹13.2t27.1x23.2x2x
Price to Earnings Ratio

23.2x


Total Market Cap: ₹306.3tTotal Earnings: ₹13.2tTotal Revenue: ₹151.5tTotal 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 9.7% 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-1.12%
Tech3.73%
Consumer Discretionary0.94%
Real Estate-0.028%
Healthcare-0.70%
Consumer Staples-0.99%
Materials-1.39%
Financials-1.78%
Telecom-2.22%
Industrials-2.44%
Energy-2.78%
Utilities-3.66%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 40.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 21.7%, which is higher than its past year's earnings growth of 16.2% 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 Tech 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
TCS Tata Consultancy Services₹2.40k8.0%
+₹640.0b		-21.5%PE17.4xTech
BAJAJ-AUTO Bajaj Auto₹11.37k9.3%
+₹271.3b		39.9%PE27xConsumer Discretionary
HCLTECH HCL Technologies₹1.32k6.4%
+₹214.0b		-10.4%PE19.4xTech
ETERNAL Eternal₹308.357.6%
+₹199.9b		0.6%PE654.4xConsumer Discretionary
500114 Titan₹4.85k3.4%
+₹142.4b		43.5%PE84.8xConsumer Discretionary
See more

Market Insights

Header cover image
Healthcare just hit its lowest market weight since 1994. But dig deeper into the sector, and the collapse starts to look like a costume in some ways.
Continue reading
A brand’s strength doesn’t always last

Latest News

LODHA
₹1,301.40
Lodha Developers
7D
8.5%
1Y
4.4%
Analysis Article • 6h

Results: Lodha Developers Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

A week ago, Lodha Developers Limited ( NSE:LODHA ) came out with a strong set of first-quarter numbers that could...
500114
₹4,848.50
Titan
7D
3.4%
1Y
43.5%
ADANIGREEN
₹1,377.80
Adani Green Energy
7D
-10.6%
1Y
35.7%
Narrative Update • Jul 28

ADANIGREEN: Khavda Storage Scale Will Shape Balanced Long Term Opportunity

The analyst price target for Adani Green Energy has been revised from ₹1,409.25 to ₹1,551.75, with analysts citing updated assumptions around revenue growth, profit margins and future P/E expectations as key drivers of the change. What's in the News for Adani Green Energy Adani Green Energy has commissioned a cumulative 3.37 GWh Battery Energy Storage System at Khavda in Gujarat, described as the world’s largest single location battery storage deployment outside China.
SBIN
₹1,013.20
State Bank of India
7D
-3.0%
1Y
26.8%
ETERNAL
₹308.35
Eternal
7D
7.6%
1Y
0.6%
Analysis Article • Jul 25

Eternal Limited Just Missed Earnings - But Analysts Have Updated Their Models

Eternal Limited ( NSE:ETERNAL ) shareholders are probably feeling a little disappointed, since its shares fell 2.3% to...
INFY
₹1,105.70
Infosys
7D
3.0%
1Y
-27.0%
532454
₹1,902.35
Bharti Airtel
7D
-2.4%
1Y
-0.8%
ADANIPOWER
₹208.25
Adani Power
7D
-5.5%
1Y
75.7%
Narrative Update • Jul 24

ADANIPOWER: Funding And Borrowing Plans Will Shape Balanced Future Outlook

Analysts have raised their price target on Adani Power from ₹173 to ₹220, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E, which together support a higher fair value estimate. What's in the News for Adani Power Board meeting scheduled for Jul 22, 2026 at 11:00 Indian Standard Time to consider and approve unaudited financial results for the quarter ended Jun 30, 2026.
BAJAJ-AUTO
₹11,374.00
Bajaj Auto
7D
9.3%
1Y
39.9%
Narrative Update • Jul 22

BAJAJ-AUTO: Buyback Completion And Governance Changes Will Support Balanced Long Term Outlook

Analysts have nudged their fair value estimate for Bajaj Auto higher from ₹10,842.61 to ₹11,352.60, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E. What’s in the News for Bajaj Auto Bajaj Auto completed a share buyback program, repurchasing 4,694,000 shares, representing 1.68% of its share capital, for ₹56,328 million under the buyback announced on May 6, 2026.
532343
₹3,991.85
TVS Motor
7D
5.3%
1Y
42.3%
Narrative Update • Jul 22

532343: Elevated P/E And Modest Margin Outlook Will Likely Cap Returns

Analysts have nudged their price target on TVS Motor higher from ₹2,900.69 to ₹3,017.93, citing updated assumptions around revenue growth, profit margins, the discount rate and the future P/E multiple. What's in the News for TVS Motor TVS Motor scheduled multiple board meetings, including on May 13, 2026, to consider and approve annual audited standalone and consolidated financial results for the year ended 31 March 2026, and on July 21, 2026, to review unaudited quarterly results and a proposal to raise up to ₹1,000 Cr through non convertible debentures on a private placement basis.
TCS
₹2,398.00
Tata Consultancy Services
7D
8.0%
1Y
-21.5%
Narrative Update • Jul 21

TCS: JFK Terminal Partnership And AI Alliances Will Support ReRating

Analysts have trimmed their fair value estimate for Tata Consultancy Services from about ₹4,442 to around ₹3,228, citing slightly softer assumptions on revenue growth, profit margins, discount rate, and future P/E multiples. What’s in the News for Tata Consultancy Services Tata Consultancy Services entered a partnership with the New Terminal One at John F.
RELIANCE
₹1,267.70
Reliance Industries
7D
-2.8%
1Y
-10.5%
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...
HCLTECH
₹1,318.60
HCL Technologies
7D
6.4%
1Y
-10.4%
512599
₹3,002.60
Adani Enterprises
7D
-5.7%
1Y
17.8%
New Narrative • Jul 17

Airport And Infrastructure Ramp-Up Will Shape A Long-Term Cash Generating Powerhouse

Catalysts About Adani Enterprises Adani Enterprises is an incubator for infrastructure focused businesses in airports, roads, energy transition, metals and mining, and related services. What are the underlying business or industry changes driving this perspective?
HDFCBANK
₹735.40
HDFC Bank
7D
-3.4%
1Y
-27.2%
HINDUNILVR
₹2,022.70
Hindustan Unilever
7D
-5.6%
1Y
-17.6%