Making Sensex weaker, Rs 27,000 crore of FII money flew away after Fed’s last rate hike
“India’s valuations are expensive in the short-term, fair in the medium term and cheap from the long-term perspective. 20 PE for FY23 is expensive, but 17 PE for FY24 is fair and from a longer-term perspective India is cheap since no other emerging market has the potential for growth and corporate earnings that India has,” said Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
