Come March 31 and India's equity investors will have something to smile about. The valuation of India's benchmark equity index Nifty 50 is set to get cheaper by 12 per cent. Want to hear the real good news? The index will get less expensive, without the market actually falling. This cheaper valuation for Nifty 50 is possible due to a small but a key rule change done by the NSE index management that will henceforth use consolidated earnings of Nifty 50 companies as against the current practice of considering standalone numbers.
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