1 day ago
Indian Stocks Fall as More Shares Enter Lower Valuation Bands
Indian stocks lost value during the first three trading days of the week.
The Sensex, a benchmark index, fell 2% over that period.
It is now 16% below its highest level ever.
A Mint analysis looked at 3,756 companies listed on the BSE.
It used price-to-earnings ratios to compare how stocks were valued.
After prices fell, more stocks moved into lower valuation bands.
This means their valuations were lower by that measure.
The article does not give details about foodgrain targets or rainfall.
The BSE Sensex fell 2% during the first three trading days of the week.
The index is now 16% below its all-time high.
A Mint analysis examined 3,756 BSE-listed companies.
The analysis used ACE Equity data and price-to-earnings multiples.
The market correction pushed a larger share of stocks into lower valuation bands.
- Who
- The Indian stock market and the BSE Sensex.
- What
- The Sensex fell 2%, while a larger share of stocks entered lower valuation bands.
- Where
- India.
- When
- During the first three trading days of the week; the article does not specify the dates.
- Why
- The article says the market correction pushed more stocks into lower price-to-earnings valuation bands.
Key facts
- Sensex weekly movement
- Down 2% in the first three trading days of the week
- Distance from all-time high
- The index is down 16%
- Companies analyzed
- 3,756 BSE-listed companies
- Valuation measure
- Price-to-earnings (PE) multiples
- Data source
- ACE Equity data
- Analysis by
- Mint
Sources
Related news
Indian stock markets recover from lows, end week down 2%
Sensex Endures Its Longest Wait for a Fresh Peak
Indian Selloff Erases ₹9 Lakh Crore, 215 Stocks Hit Lows
Why Indian Stocks Fell 1,800 Points in Two Sessions
Indian Stocks Log Longest Weekly Losing Run in 25 Years
Indian Stocks Extend Losing Streak to Eight Weeks
Sensex Support Seen at 71,000–71,200 as Nifty Eyes Rebound
RBI Policy, TCS Earnings and Oil to Steer Markets
Indian Markets Watch RBI Policy, Earnings and West Asia
Sensex, Nifty Face Key Supports as Global Cues Shift
Indian Stocks Set for Dividends, Splits and Bonuses This Week
