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Indian (NIFTY) Market Analysis & Valuation

UpdatedJul 10, 2026
DataAggregated Company Financials
Companies5076
  • 7D-0.9%
  • 3M4.2%
  • 1Y-2.1%
  • YTD-1.8%

In the last week, the market has stayed flat, however the Communication Services sector stood out, gaining 3.2%. In line with that, the market has also been flat over the past year. 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
Fri, 10 Jul 2026₹471.7t₹197.4t₹19.5t23.7x24.2x2.4x
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
Price to Earnings Ratio

24.3x


Total Market Cap: ₹303.8tTotal Earnings: ₹12.5tTotal Revenue: ₹150.1tTotal 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-0.87%
Telecom3.22%
Real Estate2.35%
Healthcare1.16%
Tech0.72%
Consumer Discretionary-0.38%
Materials-0.80%
Financials-1.17%
Energy-1.18%
Consumer Staples-1.30%
Utilities-2.85%
Industrials-2.96%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 40.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.5%, 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 13.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 25% 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 5.6% 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
HDFCBANK HDFC Bank₹824.953.0%
+₹368.1b		-16.8%PB2.2xFinancials
LODHA Lodha Developers₹1.22k15.5%
+₹163.6b		-12.8%PE35.6xReal Estate
LICI Life Insurance Corporation of India₹443.053.0%
+₹161.9b		-3.9%PE8.7xFinancials
500114 Titan₹4.59k2.8%
+₹111.8b		36.5%PE80.3xConsumer Discretionary
NAUKRI Info Edge (India)₹1.20k16.4%
+₹109.7b		-12.4%PE53.8xTelecom
See more

Market Insights

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Latest News

KALYANKJIL
₹476.15
Kalyan Jewellers India
7D
24.6%
1Y
-18.2%
NAUKRI
₹1,204.05
Info Edge (India)
7D
16.4%
1Y
-12.4%
Narrative Update • Jul 09

NAUKRI: Lower Market Multiple Assumptions Will Pressure Future Share Performance

Analysts have revised their price target on Info Edge (India) to ₹1,006.59 from ₹1,108.86, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E multiples in their models. What’s in the News for Info Edge (India) A board meeting is scheduled on May 22, 2026, to consider audited standalone and consolidated financial results and financial statements for the quarter and year ended March 31, 2026, and to recommend a final dividend for the 2025-26 financial year.
500247
₹377.80
Kotak Mahindra Bank
7D
-4.8%
1Y
-14.9%
ADANIENSOL
₹1,654.00
Adani Energy Solutions
7D
5.4%
1Y
89.2%
Narrative Update • Jul 07

ADANIENSOL: Rich Future P/E Will Drive Cautious View On Upcoming Results

Analysts have raised their price target for Adani Energy Solutions to around ₹1,448 from about ₹1,418, citing updated assumptions that include expectations of higher revenue, a different profit margin profile, and an adjusted future P/E multiple. What’s in the News for Adani Energy Solutions The board has scheduled a meeting for Jul 21, 2026 to consider and approve the unaudited financial results for the quarter ended Jun 30, 2026, according to company disclosures.
LODHA
₹1,220.75
Lodha Developers
7D
15.5%
1Y
-12.8%
500114
₹4,586.10
Titan
7D
2.8%
1Y
36.5%
500124
₹1,245.50
Dr. Reddy's Laboratories
7D
-9.4%
1Y
-0.7%
BAJAJ-AUTO
₹10,156.00
Bajaj Auto
7D
3.8%
1Y
25.9%
HINDUNILVR
₹2,150.60
Hindustan Unilever
7D
-2.3%
1Y
-14.6%
500251
₹2,902.75
Trent
7D
-13.1%
1Y
-18.7%
HDFCBANK
₹824.95
HDFC Bank
7D
3.0%
1Y
-16.8%
LICI
₹443.05
Life Insurance Corporation of India
7D
3.0%
1Y
-3.9%
Narrative Update • Jun 26

LICI: Stake Sale Plans And Share Actions Will Shape Future Pricing

Analysts have reduced their price target for Life Insurance Corporation of India from ₹850.00 to ₹388.50, citing updated assumptions for revenue growth, profit margin, discount rate and future P/E that they now describe as more conservative. What's in the News India is preparing formal marketing for a planned share sale in Life Insurance Corporation of India that could raise up to ₹100,000 million (about $1 billion).
500510
₹3,946.55
Larsen & Toubro
7D
-2.0%
1Y
11.5%
Narrative Update • Jun 23

500510: Defence Energy And Electronics Orders Will Support Measured Future Earnings Potential

Analysts have modestly raised their price target for Larsen & Toubro to ₹4,513.81 from ₹4,498, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions in their models. What’s in the News for Larsen & Toubro Larsen & Toubro entered a collaboration with Exail to supply an Unmanned Mine Counter Measure Suite for the Indian Navy’s planned 12 Mine Counter Measure Vessels.
VBL
₹478.10
Varun Beverages
7D
-7.3%
1Y
5.7%
Narrative Update • Jun 23

VBL: Upcoming Interim Dividend Decision Will Support Bullish Outlook

Analysts have maintained their price target on Varun Beverages at around ₹587. This reflects unchanged views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
MARUTI
₹13,854.00
Maruti Suzuki India
7D
-3.6%
1Y
10.2%
Narrative Update • Jun 22

MARUTI: Gujarat Capacity Expansion And Land Purchase Will Support Future Upside

Analysts have trimmed their fair value estimate for Maruti Suzuki India slightly to ₹15,794 from about ₹15,840, reflecting small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Maruti Suzuki India announced an annual dividend of ₹140.00 per share, with an ex-date and record date of August 7, 2026, and a scheduled payment date of September 9, 2026.
NTPC
₹344.55
NTPC
7D
-3.3%
1Y
0.5%
Narrative Update • Jun 17

NTPC: Dividend And Storage Investment Will Support Future Stock Appeal

Analysts have nudged their fair value estimate for NTPC slightly higher from ₹436.04 to ₹436.93, reflecting updated views on revenue growth, profit margins, and future P/E assumptions. What's in the News for NTPC The board has scheduled a meeting on May 23, 2026 to review NTPC's annual standalone and consolidated financial statements for the year ended March 31, 2026 and to consider a final dividend for FY 2025-26, subject to shareholder approval at the AGM.