Sensex today

Note • %CHNG: % change is calculated with respect to adjusted price on ex-date for Corporate Actions like: Dividend, Bonus, Rights & Face Value Split and also adjusted for Past 365 days & 30 days. • 52 W H/L: 52 week High & Low prices are adjusted for Bonus, Split & Rights Corporate actions. • The legend for the 52-week H/L indicator is given below: • for Stocks closer to 52-week high : • - within 0% and 2% • - within 2% and 5% • - within 5% and 7% • Symbols for Stocks closer to 52-week low : • - within 0% and 2% • - within 2% and 5% • - within 5% and 7% Note • %CHNG: % change is calculated with respect to adjusted price on ex-date for Corporate Actions like: Dividend, Bonus, Rights & Face Value Split and also adjusted for Past 365 days & 30 days. • 52 W H/L: 52 week High & Low prices are adjusted for Bonus, Split & Rights Corporate actions. • The legend for the 52-week H/L indicator is given below: • Symbols for Stocks closer to 52-week high : • - within 0% and 2% • - within 2% and 5% • - within 5% and 7% • Symbols for Stocks closer to 52-week low : • - within 0% and 2% • - within 2% and 5% • - within 5% and 7% • 365 days % Change and 30 days % Change value are adjusted With respect to corporate actions

Express News Service Investing is all about relative valuations. The stock market is an aggregation of people divided into beliefs. Those who believe ‘half glass full’ and those who think ‘half glass empty’. They arrive at their beliefs by analysing data and soaking knowledge about businesses they fancy. There is no right or wrong between the two beliefs. The market needs people with diverse viewpoints. That allows you to buy when prices are low and sell when prices are high. Over the past couple of weeks, there has been a lot of discussion about the S&P BSE Sensex, a key benchmark index, touching 1,00,000. Nobody thinks that the Sensex will not get there. They believe it will get there sooner than you think. Christopher Wood, head of research at Jefferies, a global bank, thinks it would take about five years. However, television pundits hope it could hit that mark earlier, taking into account the ‘earnings catchup’ happening in India. Benchmark indices like the Sensex and Nifty have not moved significantly over the past 12-18 months. However, the profits of businesses that make up these indices grew sharply. At that time, the price-earnings multiple of Indian markets was in the over-valued zone. Typically, that is the estimate analysts put out based on expected profits a year ahead. It was well over 20 times those profits. However, with prices not moving anywhere and profits growing, that multiple has decreased to near long-term averages. That makes Indian equities an att...