Market Broader market to participate in rally; Nifty valued at 13,350: ICICI Direct Updated : November 18, 2020 01:49 PM IST ICICI Direct now values Nifty at 13,350 i.e. 20x P/E on FY22E23E average EPS of Rs 668 with corresponding Sensex target at 45,500. Going forward, ICICI Direct expects Nifty earnings to grow at 17.5% CAGR in FY20-23E. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.