Updated Jan 13, 2021 | 08:15 IST
As benchmark Nifty index scaled yet another peak of 14,564 on Tuesday, it now trades at a record Price to Earnings (P/E) ratio of 28 times to its five-year average Bull run spurs stock valuations to record high levels; investors concerned over prices | Photo Credit: Thinkstock
Key Highlights
In 2008, Nifty traded at 40% premium over its five-year averages which lasted for only eight trading sessions
This is only the second time ever that Nifty forward PE premium crossed has 40% of its five-year average
The index has stayed at 40% for 10 straight trading sessions
The recent bull run which started after the March 2020 market crash has taken the Indian stock market to record peaks. It has sent stock valuations soaring amid concerns over high valuations.