The BSE Sensex is currently trading at 19.05 times its one-year blended forward earnings, at a discount of nearly 140 basis points to its ten-year average of 20.48 times. The Nifty50 index is trading at 18.09 times its one-year forward earnings, below its ten-year average of 19.93 times.
In an interview to CNBC-TV18, Jain says investors should not be distracted by the ongoing global events, and should instead focus on India's improving fundamentals.