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Charts & Analysis

Nifty Continues to Lag Peers in 2011

International comparisons are looking like India’s got a pretty tough year behind it.

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And within Asia and Bric:

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The one index that is close to the Nifty is Hang Seng. Strangely, in a week when every other market went up like crazy, Shanghai went down.

  • Though it may sound a little pessimist, all long term investors should be praying for a further fall in Indian markets. Trading at a PE of around 17, any further fall would take it to valuations which have historically provided high returns over 3 and 5 year periods. This would provide opportunities like March 2009 to investors to enter into markets.