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

Indian (NIFTY) Market Analysis & Valuation

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies5054
  • 7D0.05%
  • 3M6.8%
  • 1Y-2.0%
  • YTD-4.0%

In the last week, the market has been flat, with a notable exception in the Information Technology sector dropping 3.4%. 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
Sat, 13 Jun 2026₹460.0t₹197.4t₹19.5t23.1x23.6x2.3x
Mon, 11 May 2026₹472.7t₹193.8t₹19.0t24.6x24.9x2.4x
Wed, 08 Apr 2026₹428.9t₹191.3t₹18.7t21.4x22.9x2.2x
Fri, 06 Mar 2026₹452.3t₹191.0t₹18.7t21.8x24.2x2.4x
Sun, 01 Feb 2026₹459.6t₹187.3t₹18.5t23.3x24.9x2.5x
Tue, 30 Dec 2025₹470.6t₹184.3t₹18.2t25.3x25.8x2.6x
Thu, 27 Nov 2025₹468.3t₹173.7t₹17.6t26.1x26.6x2.7x
Sat, 25 Oct 2025₹468.2t₹179.8t₹17.8t27.8x26.3x2.6x
Mon, 22 Sep 2025₹465.1t₹178.6t₹17.6t28.4x26.4x2.6x
Wed, 20 Aug 2025₹453.6t₹177.7t₹17.7t27.8x25.7x2.6x
Fri, 18 Jul 2025₹458.3t₹173.7t₹17.2t30.2x26.7x2.6x
Sun, 15 Jun 2025₹445.9t₹173.4t₹17.1t29.6x26x2.6x
Tue, 13 May 2025₹428.8t₹170.7t₹16.9t26.6x25.4x2.5x
Thu, 10 Apr 2025₹389.5t₹169.0t₹16.8t24.9x23.2x2.3x
Sat, 08 Mar 2025₹394.2t₹169.0t₹16.8t25.8x23.5x2.3x
Mon, 03 Feb 2025₹418.7t₹163.4t₹16.4t29.1x25.5x2.6x
Wed, 01 Jan 2025₹440.0t₹167.9t₹16.4t32.4x26.9x2.6x
Fri, 29 Nov 2024₹441.0t₹167.5t₹16.3t31.7x27x2.6x
Sun, 27 Oct 2024₹435.1t₹165.8t₹16.1t31.6x27x2.6x
Tue, 24 Sep 2024₹468.4t₹163.0t₹16.0t34.3x29.3x2.9x
Thu, 22 Aug 2024₹455.3t₹162.7t₹16.0t33.7x28.5x2.8x
Sat, 20 Jul 2024₹446.3t₹160.2t₹15.8t33.5x28.2x2.8x
Mon, 17 Jun 2024₹432.9t₹160.1t₹15.8t32.2x27.4x2.7x
Wed, 15 May 2024₹397.8t₹157.8t₹15.4t31.3x25.9x2.5x
Fri, 12 Apr 2024₹397.7t₹154.9t₹14.8t31.1x26.9x2.6x
Sun, 10 Mar 2024₹388.2t₹154.8t₹14.8t30.5x26.3x2.5x
Tue, 06 Feb 2024₹377.6t₹154.2t₹14.7t32x25.7x2.4x
Thu, 04 Jan 2024₹360.8t₹152.3t₹14.2t30.1x25.5x2.4x
Sat, 02 Dec 2023₹334.1t₹152.1t₹14.1t28.2x23.7x2.2x
Mon, 30 Oct 2023₹307.1t₹152.0t₹13.6t27.5x22.5x2x
Wed, 27 Sep 2023₹319.7t₹152.2t₹13.4t27.3x23.9x2.1x
Fri, 25 Aug 2023₹310.6t₹152.3t₹13.4t26.6x23.2x2x
Sun, 23 Jul 2023₹304.3t₹150.7t₹12.6t26.4x24.2x2x
Tue, 20 Jun 2023₹289.6t₹149.9t₹12.5t25.4x23.2x1.9x
Price to Earnings Ratio

23.2x


Total Market Cap: ₹289.6tTotal 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 Market0.052%
Financials2.28%
Healthcare1.23%
Consumer Staples0.71%
Telecom0.42%
Consumer Discretionary-0.12%
Real Estate-0.19%
Industrials-0.55%
Materials-0.60%
Energy-1.15%
Utilities-2.86%
Tech-3.41%
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 40.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.8%, which is higher than its past year's earnings growth of 15.5% 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 19% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 5.7% 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
ICICIBANK ICICI Bank₹1.34k6.2%
+₹564.3b		-5.3%PB2.6xFinancials
HDFCBANK HDFC Bank₹772.453.4%
+₹391.0b		-19.4%PB2xFinancials
SBIN State Bank of India₹1.02k4.0%
+₹364.1b		28.4%PB1.6xFinancials
500247 Kotak Mahindra Bank₹403.356.8%
+₹257.1b		-4.5%PB2.2xFinancials
532215 Axis Bank₹1.36k6.5%
+₹256.2b		12.4%PB2xFinancials
See more

Market Insights

Header cover image
Software stocks crashed on fears AI would make them obsolete, then they came roaring back. This edition of Market Insights aims to hand investors a repeatable playbook for separating real risk from market panic.
Continue reading
The gravity of the SpaceX IPO

Latest News

532454
₹1,822.55
Bharti Airtel
7D
1.3%
1Y
-1.1%
ADANIPOWER
₹223.07
Adani Power
7D
-4.1%
1Y
95.4%
Narrative Update • Jun 09

ADANIPOWER: Upcoming Results Will Test Slightly Higher Fair Value Assumptions

Analysts have adjusted the fair value estimate for Adani Power from about ₹208 to about ₹223, reflecting tweaks to assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News The board meeting is scheduled for Apr 29, 2026 to consider and approve the audited financial results for the quarter and year ended Mar 31, 2026.
500510
₹4,050.20
Larsen & Toubro
7D
2.4%
1Y
12.9%
Narrative Update • Jun 09

500510: Defence And Energy Orders Will Support Future Earnings Potential

Analysts have slightly raised their price target for Larsen & Toubro to ₹4,498 from ₹4,493, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E ratios that together support this marginal adjustment. What's in the News Larsen & Toubro and Exail agreed to collaborate on an advanced Unmanned Mine Counter Measure Suite for the Indian Navy's Mine Counter Measure Vessels programme, with L&T as prime contractor and Exail as technology partner.
500440
₹1,021.40
Hindalco Industries
7D
-6.5%
1Y
59.2%
Narrative Update • Jun 07

500440: ABB Partnership And Aerospace Collaborations Will Support Balanced Long Term Outlook

Analysts have raised their fair value estimate for Hindalco Industries from about ₹1,003 to roughly ₹1,129, pointing to updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations as key drivers of the change. What's in the News Hindalco Industries and ABB India signed a Master Sales Agreement aimed at streamlining domestic business processes and reinforcing their existing partnership across multiple ABB business areas.
BAJFINANCE
₹918.30
Bajaj Finance
7D
3.2%
1Y
-1.6%
Narrative Update • Jun 06

BAJFINANCE: Dividend Policy And Fine Tuned Profit Assumptions Will Shape Returns

Analysts have trimmed their price target on Bajaj Finance by about ₹8, reflecting fine tuned assumptions on discount rate, revenue growth, profit margins, and future P/E that slightly adjust the stock's assessed fair value. What's in the News Bajaj Finance has proposed a special payout of ₹0.60 per equity share at the AGM scheduled for July 30, 2026.
HDFCBANK
₹772.45
HDFC Bank
7D
3.4%
1Y
-19.4%
Narrative Update • Jun 05

HDFCBANK: Governance Actions And Rising Dividends Will Support Future Share Price Rebound

Analysts have nudged their fair value estimate for HDFC Bank slightly lower, trimming the implied price target from ₹1,041.08 to ₹1,039.79 as they incorporate modestly softer revenue growth and profit margin assumptions, along with a slightly reduced discount rate and future P/E outlook. What's in the News At a board meeting on March 23, 2026, the company approved the appointment of external law firms to review matters related to Mr. Chakraborty's resignation letter.
512599
₹2,920.25
Adani Enterprises
7D
-4.2%
1Y
16.5%
TCS
₹2,161.40
Tata Consultancy Services
7D
-1.7%
1Y
-37.3%
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.
500247
₹403.35
Kotak Mahindra Bank
7D
6.8%
1Y
-4.5%
Narrative Update • Jun 04

500247: Dividend And Governance Moves Will Support Future Upside Potential

Analysts have slightly increased their price target for Kotak Mahindra Bank to ₹461.37 from ₹461.33, reflecting updated views on the bank's discount rate, revenue growth expectations, profit margin outlook, and future P/E assumptions. What's in the News Kotak Mahindra Bank has scheduled a Board meeting on May 02, 2026 to consider and approve the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, and to recommend a dividend on equity shares for the year, if any.
507685
₹180.10
Wipro
7D
-9.2%
1Y
-30.8%
SBIN
₹1,017.15
State Bank of India
7D
4.0%
1Y
28.4%
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
₹1,116.40
Infosys
7D
-6.8%
1Y
-30.3%
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.
ONGC
₹246.20
Oil and Natural Gas
7D
-7.0%
1Y
-2.1%
Narrative Update • Jun 01

ONGC: Future Cash Flows Will Support Dividends As Petrochemical JV Scales

Analysts have adjusted the sector fair value estimate to ₹312.10 from ₹305.27, reflecting updated views on discount rates, more measured revenue growth, slightly lower profit margins, and a higher assumed future P/E, consistent with the broader pattern of raised price targets seen in recent research. Analyst Commentary Oil and natural gas stocks are not the focus of recent Street research excerpts, which are centered on semiconductor companies.
532215
₹1,355.55
Axis Bank
7D
6.5%
1Y
12.4%
Narrative Update • Jun 01

532215: EV Financing Tie Up Will Support Stronger Long Term Outlook

Axis Bank's analyst fair value target has edged slightly lower from ₹1,581.45 to ₹1,580.45 as analysts fine tune assumptions around the discount rate, revenue growth, profit margin, and future P/E. This reflects a marginal recalibration rather than a major shift in view.
COALINDIA
₹443.50
Coal India
7D
-6.1%
1Y
13.4%
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...
ICICIBANK
₹1,340.80
ICICI Bank
7D
6.2%
1Y
-5.3%