ETMarkets Smart Talk | Nifty at 20.5x is not expensive; smallcaps are where valuations worry us: Pradeep Gupta
https://economictimes.indiatimes.com/markets/expert-view/etmarkets-smart-talk-nifty-at-20-5x-is-not-expensive-smallcaps-are-where-valuations-worry-us-pradeep-gupta/articleshow/133750853.cms
With the Nifty trading at around 20.5 times earnings — nearly 12% below its 10-year average — Gupta argues that the broader market is not expensive, especially at a time when corporate earnings are accelerating and upgrades are outpacing downgrades.
September 4, 2026 3
