NIFTY 50

Are we nearer the market top than the bottom?

Updated : July 19, 2018 04:03 PM IST

The index has peaked at PE valuations of between 26x to 29x in the recent past, while the bottoms have been mostly rising steadily from about 15x to 21x.
If we work with 30x as a number, the peak Nifty value could well be over eight percent higher from here at about 11,900-12,000.
Are we nearer the market top than the bottom?
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