Nifty PE ratio now stands at 29.3. Time for caution?

Industry Insights
1

Here are the P/E ratios of the major global indices. The Indian markets sure do look pricey.

Country Name of the Index P/E Ratio
BRICS Nations
Brazil BRAZIL IBOVESPA INDEX 16.2
Russia RUSSIAN TRADED INDEX 5.4
India Nifty 50 29.3
India S&P BSE SENSEX INDEX 29
China SHANGHAI SE COMPOSITE 14.9
South Africa FTSE/JSE AFRICA ALL SHR 17.9
Developed Markets
USA NASDAQ COMPOSITE INDEX 33.5
USA DOW JONES INDUS. AVG 16.9
France CAC 40 INDEX 18.7
Germany DAX INDEX 16.6
UK FTSE 100 INDEX 16.8
Hong Kong HANG SENG INDEX 11.4
South Korea KOSPI INDEX 16.1
Japan NIKKEI 225 20.4
Singapore Straits Times Index STI 13.9
Taiwan TAIWAN TAIEX INDEX 15.7
2

Big corrections are controlled few heavyweights . Big fall won’t happen unless collapse of financial sectors in india or collapse of tech sector in Nasdaq.

3

No caution in Nifty. PE of 30 ,40 and 50 all will come.

Indian markets always up :rofl::joy:

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4

Earnings came(for investors) from last 6 years due to PE re-rating or PE Expansion, not from earnings growth.