Index is trading at 30.4 times its trailing 12-month earnings per share, highest since it began reporting its ratios in 1999
BSE Sensex today ended 25 points or 0.07 per cent lower at 37,663 levels while NSE's Nifty settled at 11,102, up 6 points or 0.06 per cent
The Nifty50 broad-based index is reviewed twice a year based on six-month data ending January 31 and July 31.
HDFC Life Insurance will replace Vedanta in the Nifty50 index with effect from Friday, July 31, 2020
Combined market cap of five top IT companies, which are part of the index, is up 6.5% since the beginning of 2020 against a 6.6 per cent decline in market cap of the index
Top-5 and 10 stocks account for 42% and 62% respectively; up from 37% and 56% two year ago
ONGC, Tata Steel, and Zee Entertainment were some of the Nifty50 firms which were yet to disclose their numbers until Friday
As markets realise that it will take a long time for the economy to revive and things coming back to normal, they will drift lower.
Market players said the Nifty has run into technical resistance of 10,300, which happens to be its 100-day moving average
The Sensex Index advanced 0.9 per cent while and NSE Nifty 50 Index rose 1.1 per cent at the close in Mumbai.
Profits at NSE Nifty 50 Index members fell about 15% last quarter from the same period last year, the worst drop since at least 2014, according to Bloomberg-compiled data.
The rupee and the 10-year government bond, too, held steady, despite the red flags raised by the rating agency.
Interestingly, all the 50 Nifty components have delivered positive gains during this period.
The lockdown's impact on corporate earnings will be worse than seen during the GFC, according to Nomura
The tax cut in September last year had resulted in a 10% increase in the post-tax profits of index companies
Sensex gains 996 points as banking stocks rally
Over the next year, we would expect Sensex and Nifty returns to be in line with their earnings growth
Top brokerages expect a 19 per cent year-on-year (YoY) fall in the combined net profit of India's top 50 listed companies, while their combined net revenue may decline by 5.2 per cent in Q4
Last week, the indices had rallied 13 per cent and were on the cusp of a bull market - a term used for a 20% rise from recent lows
Analysts expect top line pressure to reflect from Q4 itself