Nilesh Shah, Group President & Managing Director, Kotak Mahindra AMC, shares his outlook for 2024 and what investors should do in the current scenario.
Following the sharp run in markets, valuations across the board have become elevated.
The National Stock Exchange Nifty50 Index now trades at a 12-month trailing price-to-earnings (P/E) multiple of 24.3 times, 18 per cent higher than this year s low of 20.5 times.
The valuation expansion in the broader markets has been sharper.