Sensex trailing P/E of 24.04x is near 10yr mean of 23.93x, reflecting sustained EPS growth. Net FPI inflows hit a record USD10bn in Dec'23, when valuations were similar. Stay moderately Overweight.
What is covered in the Full Insight:
Market Valuation Overview
Economic Growth Prospects
Historical P/E Ratios Analysis
Foreign Portfolio Inflows Trends
Investment Recommendation
SUMMARY
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