Nearly 47% of Nifty500 trading above 40 P/E

Our markets are the most expensive ones compared to the rest of the world. Couple that with depreciating rupee, it's not hard to see why it's underperforming.

The only thing that can save it in the long term is solid earnings. Without good earnings growth, high valuations won't make sense.


Source:
https://www.moneycontrol.com/news/business/earnings/nearly-50-of-nifty-500-index-stocks-above-40-p-e-outpacing-most-world-indices-13531160.html