The Sensex declined by 8.2% on Thursday and by 20.5% in the current year. The decline in share prices has resulted in trailing 12-month PE ratios declining from the peak of around 28x to 20x currently. MTD FII have sold to the extent of $3.1 billion and the local mutual fund buying of $524 million, could be no match for it.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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