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

Indian (NIFTY) Market Analysis & Valuation

UpdatedOct 16, 2025
DataAggregated Company Financials
Companies4848
  • 7D0.7%
  • 3M-0.8%
  • 1Y-4.5%
  • YTD1.5%

In the last week, the market has been flat. Unfortunately though, the market is down 4.5% 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
Thu, 16 Oct 2025₹463.2t₹179.3t₹17.7t27.6x26.1x2.6x
Sat, 13 Sep 2025₹457.5t₹177.9t₹17.6t27.9x26x2.6x
Mon, 11 Aug 2025₹439.7t₹177.3t₹17.6t28.2x25x2.5x
Wed, 09 Jul 2025₹459.4t₹173.5t₹17.2t29.5x26.8x2.6x
Fri, 06 Jun 2025₹446.1t₹173.5t₹17.2t29x26x2.6x
Sun, 04 May 2025₹419.5t₹169.9t₹16.9t26.2x24.8x2.5x
Tue, 01 Apr 2025₹408.8t₹169.0t₹16.8t24.9x24.4x2.4x
Thu, 27 Feb 2025₹392.7t₹169.0t₹16.8t26x23.4x2.3x
Sat, 25 Jan 2025₹416.4t₹163.3t₹16.3t30.2x25.5x2.5x
Mon, 23 Dec 2024₹439.1t₹167.8t₹16.4t32.4x26.8x2.6x
Wed, 20 Nov 2024₹428.8t₹167.6t₹16.3t31x26.2x2.6x
Fri, 18 Oct 2024₹454.4t₹163.2t₹16.0t34x28.4x2.8x
Sun, 15 Sep 2024₹465.6t₹163.0t₹16.0t34.4x29.1x2.9x
Tue, 13 Aug 2024₹445.8t₹162.7t₹15.9t33.7x28.1x2.7x
Thu, 11 Jul 2024₹448.1t₹160.1t₹15.8t33.8x28.4x2.8x
Sat, 08 Jun 2024₹420.7t₹160.1t₹15.8t30.6x26.7x2.6x
Mon, 06 May 2024₹403.2t₹157.0t₹15.1t31.8x26.6x2.6x
Wed, 03 Apr 2024₹391.2t₹154.9t₹14.8t30.3x26.5x2.5x
Fri, 01 Mar 2024₹383.3t₹154.8t₹14.8t31.2x26x2.5x
Sun, 28 Jan 2024₹366.9t₹153.8t₹14.6t31.1x25.1x2.4x
Tue, 26 Dec 2023₹352.8t₹152.3t₹14.2t29.2x24.9x2.3x
Thu, 23 Nov 2023₹324.9t₹152.2t₹14.2t27.6x22.9x2.1x
Sat, 21 Oct 2023₹315.4t₹151.8t₹13.3t28.4x23.8x2.1x
Mon, 18 Sep 2023₹324.9t₹152.3t₹13.4t27.8x24.3x2.1x
Wed, 16 Aug 2023₹305.8t₹152.2t₹13.4t26x22.9x2x
Fri, 14 Jul 2023₹298.3t₹150.1t₹12.5t26x23.9x2x
Sun, 11 Jun 2023₹284.0t₹150.0t₹12.5t24.9x22.7x1.9x
Tue, 09 May 2023₹273.7t₹146.7t₹12.2t22.4x22.4x1.9x
Thu, 06 Apr 2023₹257.2t₹144.9t₹12.2t21.1x21.2x1.8x
Sat, 04 Mar 2023₹260.7t₹144.9t₹12.2t21.3x21.4x1.8x
Mon, 30 Jan 2023₹266.9t₹141.1t₹12.0t22.3x22.2x1.9x
Wed, 28 Dec 2022₹278.1t₹139.2t₹11.9t22.5x23.4x2x
Fri, 25 Nov 2022₹281.3t₹139.1t₹11.9t22.2x23.6x2x
Sun, 23 Oct 2022₹268.1t₹132.9t₹12.0t21.7x22.4x2x
Price to Earnings Ratio

22.4x


Total Market Cap: ₹268.1tTotal Earnings: ₹12.0tTotal Revenue: ₹132.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 24.9x202320242025
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 24.9x.
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 11% 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 Market0.71%
Real Estate2.49%
Financials2.02%
Utilities2.01%
Healthcare0.99%
Telecom0.90%
Materials0.66%
Consumer Staples0.57%
Energy0.45%
Tech0.13%
Industrials0.034%
Consumer Discretionary-1.43%
Sector PE
  • Investors favour the Real Estate sector the most for future growth, which is trading close to its 3-year average PE ratio of 50.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 26.7%, which is higher than its past year's earnings growth of 10.8% per year.
  • The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 13.6x.
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 11% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 8.7% 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₹1.42k3.0%
+₹294.4b		15.1%PB3.1xFinancials
RELIANCE Reliance Industries₹1.40k1.5%
+₹277.4b		3.1%PE23.2xEnergy
HDFCBANK HDFC Bank₹994.351.8%
+₹265.0b		18.9%PB2.8xFinancials
BAJFINANCE Bajaj Finance₹1.07k4.1%
+₹258.6b		54.5%PE38xFinancials
SBIN State Bank of India₹886.952.9%
+₹229.4b		9.4%PB1.6xFinancials
See more

Market Insights

Header cover image
📈 Markets Break Records: Q3 2025 in Review, Q4 Outlook Ahead
Richard Bowman avatar
Richard Bowman
|
|
Q4 2025 is off to a flying start with record highs being printed left, right, and center. US and Japanese stocks made fresh new highs, while the gold price powered through $4,000 for the first time, and Bitcoin crossed the $126k level. Is this all a case of USD weakness, irrational exuberance, or solid fundamentals? This week, we are reviewing Q3 market performance, Q2 earnings season, and the outlook heading into the end of 2025…
Continue reading
✨Rare Earths: Tiny Market, Outsized Influence
Last Week

✨Rare Earths: Tiny Market, Outsized Influence

Latest News

HYUNDAI
₹2,358.20
Hyundai Motor India
7D
-2.1%
1Y
n/a
BAJFINANCE
₹1,065.75
Bajaj Finance
7D
4.1%
1Y
54.5%
500472
₹2,226.85
SKF India
7D
-54.5%
1Y
-58.0%
500570
₹396.95
Tata Motors
7D
-41.6%
1Y
-55.5%

Global Middle-Class Expansion And EV Adoption Will Transform Mobility

Analyst Price Target Update for Tata Motors The latest analyst update has revised Tata Motors' fair value estimate downward from ₹761.89 to ₹752.60. This change reflects minor adjustments based on updated assumptions for discount rate, revenue growth, and profit margin projections.
TCS
₹2,970.70
Tata Consultancy Services
7D
-3.0%
1Y
-27.7%
532466
₹8,795.90
Oracle Financial Services Software
7D
-5.6%
1Y
-23.5%
RELIANCE
₹1,398.30
Reliance Industries
7D
1.5%
1Y
3.1%
SBIN
₹886.95
State Bank of India
7D
2.9%
1Y
9.4%

Home Loan Expansion And Digital Banking Will Drive India's Future

Analysts have raised their price target for State Bank of India by approximately ₹10. This change reflects updated outlooks on discount rates, growth, and profitability.
ADANIPOWER
₹157.37
Adani Power
7D
5.7%
1Y
29.2%

Expanded Capacity And Reliable PPAs Will Shape India's Energy Future

Analysts have sharply revised their fair value estimate for Adani Power downward from ₹718.25 to ₹143.65, reflecting significant changes in their overall assessment of the company. What's in the News Adani Power is among the leading bidders for GVK Energy's 330 MW Alaknanda hydro power project in Uttarakhand after GVK Energy entered insolvency proceedings.
HDFCBANK
₹994.35
HDFC Bank
7D
1.8%
1Y
18.9%

Improving Rural Demand And Digital Upgrades Will Strengthen Banking Resilience

Analysts have adjusted their price target for HDFC Bank downward from ₹1,167.08 to ₹1,137.00. They cite updated assessments of fair value based on recent shifts in revenue growth forecasts, profit margins, and discount rates.
INFY
₹1,471.50
Infosys
7D
-2.5%
1Y
-25.2%

AI And Cloud Transformation Will Unlock Future Markets

Analysts have increased their price target for Infosys from $18 to $19, citing stronger-than-expected Q1 results and improved guidance as justification for the upgrade. Analyst Commentary Recent updates from market analysts highlight a mix of optimism and caution regarding Infosys's business outlook and valuation trajectory.
ICICIBANK
₹1,417.30
ICICI Bank
7D
3.0%
1Y
15.1%
ADANIPORTS
₹1,479.50
Adani Ports and Special Economic Zone
7D
6.0%
1Y
6.1%

Adani Ports and Special Economic Zone Limited's (NSE:ADANIPORTS) P/E Is On The Mark

Sep 16
Adani Ports and Special Economic Zone Limited's (NSE:ADANIPORTS) P/E Is On The Mark
500790
₹1,276.55
Nestlé India
7D
7.5%
1Y
7.3%
ENRIN
₹3,139.90
Siemens Energy India
7D
-3.1%
1Y
n/a
505790
₹3,932.05
Schaeffler India
7D
-5.9%
1Y
-2.0%