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Indian (NIFTY) Market Analysis & Valuation

UpdatedJan 31, 2025
DataAggregated Company Financials
Companies4550
  • 7D-1.8%
  • 3M-8.1%
  • 1Y6.2%
  • YTD-6.2%

Over the last 7 days, the market has dropped 1.8%, driven by a pullback of 3.5% in the Industrials sector. As for the longer term, the market has actually risen by 6.2% in the last year. Looking forward, earnings are forecast to grow by 18% annually.

Market Valuation and Performance

Has the Indian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 01 Feb 2025₹413.0t₹163.1t₹16.4t29.2x25.2x2.5x
Mon, 30 Dec 2024₹440.6t₹167.9t₹16.4t32.4x26.9x2.6x
Wed, 27 Nov 2024₹438.7t₹167.5t₹16.3t31.3x26.8x2.6x
Fri, 25 Oct 2024₹439.7t₹164.7t₹16.2t32.6x27.2x2.7x
Sun, 22 Sep 2024₹468.4t₹163.0t₹16.0t34.3x29.3x2.9x
Tue, 20 Aug 2024₹450.3t₹162.7t₹16.0t32.9x28.2x2.8x
Thu, 18 Jul 2024₹453.3t₹160.2t₹15.8t34.1x28.7x2.8x
Sat, 15 Jun 2024₹432.9t₹160.1t₹15.8t32.3x27.4x2.7x
Mon, 13 May 2024₹393.5t₹157.8t₹15.3t30.9x25.6x2.5x
Wed, 10 Apr 2024₹395.5t₹154.9t₹14.8t31.1x26.8x2.6x
Fri, 08 Mar 2024₹386.8t₹154.8t₹14.8t30.5x26.2x2.5x
Sun, 04 Feb 2024₹378.4t₹154.5t₹14.7t31.9x25.7x2.4x
Tue, 02 Jan 2024₹361.3t₹152.3t₹14.2t29.9x25.5x2.4x
Thu, 30 Nov 2023₹329.8t₹152.3t₹14.2t27.9x23.2x2.2x
Sat, 28 Oct 2023₹302.7t₹152.1t₹13.5t27.5x22.4x2x
Mon, 25 Sep 2023₹319.3t₹152.2t₹13.4t27.4x23.8x2.1x
Wed, 23 Aug 2023₹310.4t₹152.2t₹13.4t26.5x23.2x2x
Fri, 21 Jul 2023₹306.2t₹150.6t₹12.5t26.3x24.4x2x
Sun, 18 Jun 2023₹290.0t₹149.9t₹12.5t25.4x23.2x1.9x
Tue, 16 May 2023₹276.0t₹147.5t₹12.3t22.8x22.3x1.9x
Thu, 13 Apr 2023₹263.1t₹144.9t₹12.2t21.7x21.6x1.8x
Sat, 11 Mar 2023₹260.0t₹144.9t₹12.1t21.4x21.4x1.8x
Mon, 06 Feb 2023₹263.9t₹142.8t₹12.1t22x21.9x1.8x
Wed, 04 Jan 2023₹282.2t₹139.3t₹11.9t23x23.7x2x
Fri, 02 Dec 2022₹288.1t₹139.1t₹11.9t23x24.2x2.1x
Sun, 30 Oct 2022₹270.7t₹133.4t₹12.0t22x22.6x2x
Tue, 27 Sep 2022₹263.3t₹131.2t₹11.9t21.5x22.2x2x
Thu, 25 Aug 2022₹269.3t₹130.9t₹11.8t20.7x22.8x2.1x
Sat, 23 Jul 2022₹254.1t₹120.8t₹11.4t21.6x22.4x2.1x
Mon, 20 Jun 2022₹231.3t₹122.1t₹11.4t19.9x20.4x1.9x
Wed, 18 May 2022₹250.3t₹118.1t₹11.3t20.6x22.1x2.1x
Fri, 15 Apr 2022₹264.2t₹106.3t₹10.6t22.2x25x2.5x
Sun, 13 Mar 2022₹246.7t₹108.4t₹10.6t20x23.2x2.3x
Tue, 08 Feb 2022₹257.8t₹105.5t₹10.3t22.4x25x2.4x
Price to Earnings Ratio

25x


Total Market Cap: ₹257.8tTotal Earnings: ₹10.3tTotal Revenue: ₹105.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 24.4x202320242025
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 24.4x.
Past Earnings Growth
  • The earnings for Indian listed companies have grown 17% per year over the last three years.
  • Revenues for these companies have grown 16% 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-1.79%
Real Estate0.63%
Financials0.19%
Consumer Staples0.052%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Telecom-0.79%
Energy-1.71%
Materials-2.14%
Consumer Discretionary-2.56%
Utilities-3.03%
Tech-3.09%
Industrials-3.48%
Healthcare-3.77%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 43.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 32.3%, which is higher than its past year's earnings growth of 29.3% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 13.0x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Financials sector is expected to see its earnings grow by 12% 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₹1.70k3.0%
+₹374.4b
17.5%PB2.6xFinancials
ICICIBANK ICICI Bank₹1.25k3.6%
+₹307.9b
22.3%PB3xFinancials
BAJFINANCE Bajaj Finance₹7.89k6.0%
+₹275.9b
15.1%PE30.5xFinancials
SBIN State Bank of India₹772.903.9%
+₹256.6b
19.0%PB1.5xFinancials
RELIANCE Reliance Industries₹1.27k1.5%
+₹238.9b
-13.2%PE23.2xEnergy
See more
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Market Insights

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SUNPHARMA

₹1,743.95

Sun Pharmaceutical Industries

7D

-4.3%

1Y

23.1%

HDFCBANK

₹1,698.75

HDFC Bank

7D

3.0%

1Y

17.5%

500049

₹292.80

Bharat Electronics

7D

8.4%

1Y

58.7%

JINDALSTEL

₹791.55

Jindal Steel & Power

7D

-10.3%

1Y

2.0%

M&M

₹2,989.85

Mahindra & Mahindra

7D

6.7%

1Y

80.0%

APARINDS

₹7,491.95

APAR Industries

7D

-19.5%

1Y

18.5%

500425

₹512.95

Ambuja Cements

7D

-7.1%

1Y

-8.0%

BAJFINANCE

₹7,885.10

Bajaj Finance

7D

6.0%

1Y

15.1%

ICICIBANK

₹1,252.80

ICICI Bank

7D

3.6%

1Y

22.3%

532454

₹1,626.75

Bharti Airtel

7D

-1.0%

1Y

41.4%

507685

₹312.00

Wipro

7D

-2.5%

1Y

29.2%

RELIANCE

₹1,265.10

Reliance Industries

7D

1.5%

1Y

-13.2%

SBIN

₹772.90

State Bank of India

7D

3.9%

1Y

19.0%

TCS

₹4,112.40

Tata Consultancy Services

7D

-1.0%

1Y

3.7%