Indian equities ended the financial year on a positive note till March 31, but the benefit was normal against the previous financial year and many other global markets.
In the second half of April-March, the pressure of foreign people’s sale, reducing most benefits, pushes the indicators to the lower part of the multi-month and denting the overall spirit. India, the world’s fifth largest equity market, is lacking more than six large global markets, including Hong Kong, Singapore, Germany, China, the UK, Taiwan and the US, as foreign investors have become a bearish on India due to growth concerns and expensive shares.
Even after the recent decline, India has been the second expensive country after the US, with about 10.97 times compared to the earnings (PE) ratio-one of the popular valuation measurements of-Chinese stocks.
Agency
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