Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

Sensex scales record high: How to make the most of your investments

Instead of buying or selling, the time may be right to review your portfolio in the context of your financial goals.

November 26, 2022 / 12:25 PM IST
Representative image

Representative image

The S&P BSE Sensex hovers at a record high of 62,272.68 points, reaching another milestone in its long journey.

The question investors are asking is: Is the market overvalued and should we sell? Or should we simply re-align portfolios?

What’s changed?

The Sensex hit its previous high of 61,765 on October 18, 2021. At that time, it commanded a price-to-earnings (PE) multiple of 29 on a trailing 12-month basis. At 62,272, it commands a PE of 23.4. The higher the PE ratio, the more expensive the markets are considered.