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Why Indian stocks are on top in global valuation
Rediff.com

Why Indian stocks are on top in global valuation

Sensex’s price to book value of 2.9 makes it the most expensive index in developed or emerging markets India’s stock market indices are among the most expensive in the world. The BSE Sensex and NSE Nifty, benchmarks on the two major bourses, are trading at nearly 2.9 times their book value, higher than most other indices in both developed and emerging markets. The S&P 500 in America trades at 2.8x, Indonesia’s benchmark index at 2.3x and the Shanghai benchmark at 1.6x the ... Rediff.com, 3 weeks ago
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