Will Nifty correct from here? India bull-bear index at 15-year high, says CLSA
CLSA highlights the Proprietary India bull-bear index at 15-year high bullish sentiment. CLSA introduces the proprietary India bull-bear index, which uses about 20 indicators to quantify various aspects of investor sentiment. Backtesting shows high accuracy in signalling all key market tops and bottoms in the last 15 years.
Nifty is already at record trailing and forward PE multiples but many investors argue that current easy liquidity and depressed interest rates make historical valuation benchmarks less relevant: Reutres