On Friday, the Indian markets came under pressure amid a sell-off in global equities with investors increasingly worried about escalating trade tensions between the US and China.
The BSE S&P Sensex fell 410 points to 32,597, its lowest close since December 5, as seen in chart 1. The Sensex is trading at 17.3 times its estimated 12-month forward earnings compared to the 10-year average of 16 times. The Nifty fell below the 10,000 level for the first time this year. But small- and mid-cap stocks continue to outperform large-cap ones as seen in chart 2. Public sector bank stocks
The BSE S&P Sensex fell 410 points to 32,597, its lowest close since December 5, as seen in chart 1. The Sensex is trading at 17.3 times its estimated 12-month forward earnings compared to the 10-year average of 16 times. The Nifty fell below the 10,000 level for the first time this year. But small- and mid-cap stocks continue to outperform large-cap ones as seen in chart 2. Public sector bank stocks