NIFTY 50

Explained: Markets at a high but is the earnings optimism overdone?

Updated : November 20, 2020 01:27 PM IST

The blue-chip NSE Nifty 50 index has climbed 11% this month alone, mirroring a global advance in shares, as two sets of promising COVID-19 vaccine trial results boosted hopes of a quicker return to economic growth.

As the Nifty scaled to record levels of near 13,000, a lot of stocks went up. Even valuations were at record levels. However, all this is predicated on the earnings momentum seen in Q2 sustaining.

CNBC-TV18’s Prashant Nair gets an analysis of the earnings expectation that the market has for the next few years.

Watch the video for more
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you