4 charts that sum up Indian equity markets in FY2015

India Share Market in FY2015 In FY2015, India share market were propped up by a combination of a decisive political majority, lowering inflation from falling crude prices and persistently low interest rates in the developed world Apart from commodity sectors like Oil & Gas and Metals, all other sectors and sub-indices have provided positive returns this past year However, Earnings growth, the key driver of share prices, has remained elusive as shown by the 20% increase in Nifty PE explaining most of the 24% rise in the index. We’ve seen in a previous post, current PE has some impact on returns A broad-based

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What to buy in a bull market?

May Market Mayhem The last few weeks have been heady for the Indian stock markets. Since the first set of leaked exit poll results, stocks have surged on new-found confidence that the new government will banish all that has ailed the Indian economy. Within a fortnight, analysts have gone from recommending the staple stocks for the last 2-3 years to ones they hadn’t mentioned in a long while. The transition from “cautious optimism” to “full-blown confidence” has been dramatic. Three charts summarize this turnaround since the beginning of May 2014. Chart shows the performance by market cap. After a sedate start to

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