Record-breaking rally of Sensex leaves some analysts puzzled
The value of India's equity market remains about $225 billion smaller than it was at its January peak, with just a little more than a third of the companies in the S&P BSE 500 Index trading higher than their 200-day moving average
Singapore: When it comes to the Indian stock market, analysts are not following investors’ exuberance. A booming economy and encouraging corporate results have sent the benchmark S&P BSE Sensex racing past 22 record highs this year. While gains have accelerated in the past six weeks, analysts have failed to keep up, and the average price estimate for members of the gauge is now just 14 percent above their stock prices, the narrowest gap since February, data compiled by Bloomberg show.