Nifty on 01 Jan, 2018 – Open Price : 10,531.7
Nifty on 19 April, 2018-Close Price: 10,565.4
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Category: Nifty
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Nifty Performance Around Elections
Source: WhatsApp Forward
Source:Prashant
The following table should provide you with perspective on what to expect (based on historical averages) if you were to buy at X times earnings on Nifty
Jayant Manglik of Religare Securities recently wrote an article where he predicts that Nifty will cross 6600 by Dec this year.In the article, he states “our valuations are reasonable. Nifty price to book is at multi-year lows,”
I thought it would be interesting to see how the Nifty P/B fared over the years:
The current P/B of 3.07 is is certainly higher than the 5 year low hit on 27 Oct, 2008 when it was 2.12.The current P/B is however is slightly lower than the 5 Year average of 3.28 and 5 Year Median of 3.3
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Sensex Vs Nifty-The generation gap
There was an interesting discussion at Atma about which index better represents the Indian market-the Nifty or the Sensex.
I find that the answer often depends on the age of the person. For old timers (above 40), the answer is the Sensex.They have spent the better part of their trading lives talking,dreaming and thinking about the Sensex.
For the young ‘uns, it is the Nifty.They trade F&O on the Nifty and can tell you its movement tick by tick.They will be hard pressed to even know what the Sensex levels are.
So when somebody asks you where the market is, the index you quote tells something about you as much as it does about the market !