As equity investors bid up share prices on Dalal Street, the valuation of the benchmark indices has hit an all-time high.
At the close of trade on Wednesday, the NSE Nifty 50 index price-to-earnings (PE) multiple reached an all-time high of 30.4 times its trailing 12-month earnings per share (EPS).
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
In comparison, the index was valued at 28.6x at its life-time high of around 12,355 on January 16 this year.
The Nifty 50 valuation ratios are available