BSE SENSEX AND NIFTY50 CRASH
Stock market crash an opportunity? The BJP's underwhelming performance in the recent Lok Sabha elections has wiped out nearly all the gains made by the Nifty this year in a single day. On Tuesday, the Nifty plummeted by 1,379 points or 5.93%, yet it continues to trade at a premium valuation compared to other global markets.
India's one-year forward earnings multiple of 21.27 is the second highest, trailing only Japan. India and Japan have both experienced significant market rallies, fueled by India's rapid economic growth and Japan's corporate reforms.
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