Sensex rides over global peers on steady FII inflow

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At 16.3 FY14e price-to-earnings (P/E), the BSE Sensex is trading at a premium to most other emerging markets. At 16.3 FY14e price-to-earnings (P/E), the BSE Sensex is trading at a premium to most other emerging markets.
SummaryIndia is the only market among the Bric nations that has given positive year-to-date returns.

(November 2010), consumer staples and healthcare stocks led the rally with 83% and 45% returns.

“Automobiles, healthcare and technology sectors are at attractive valuations relative to historic averages...Cyclicals are at discount. Global cyclicals are a huge discount to markets,” stated the study.

Public sector banks are at 46% discount to historical P/B and 74% discount to market P/B.

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