Sensex's valuation corrects twice vis-à-vis its value - a first in two decades | Mint - Mint

Fears of an aggressive interest rate hike by the US Federal Reserve to tame inflation, has prompted foreign institutional investors to ditch Indian equities, resulting in record outflows

For the first time in twenty years, the valuation multiple of India's key benchmark index, the Sensex, has declined twice than its price, or the value of the index in points. An analysis by Edelweiss… [+2052 chars]

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