Financial Market Round-Up – Apr’24
Truemind Capital
APRIL 19, 2024
The major laggards were FMCG (down 6%), IT (down 2%) and financial services (down 2%). Interestingly, Gold prices (per 10 grams in INR terms) and Sensex levels were similar in 2015 (around 26,000) and are in close range even today. At present, the Sensex PE ratio of 25x is higher compared to long-term averages of 20-21x.
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