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.
Moneycontrol’s Sakshi Batra does a 3-point analysis to understand how the sales of different segments of the sector have been in February 2020.
The world's biggest cotton producer is likely to have harvested 33.63 million bales of cotton in the 2016/17 season that started on Oct. 1, slightly down from 33.78 million bales a year ago, the Cotton Association of India said in a statement.
The rupee, which hit a 10-month low on Wednesday, plays an important role in determining the landed cost of the dollar-quoted yellow metal.
Gold demand in India, the world's biggest buyer, was moderate on Monday after the prices in the local market rose 2% to a record high tracking firmness in the world market and due to a weak rupee, dealers said.