The cheapest and dearest NSE indices at mid-2026
30 Jun 2026
On 29 June 2026, 40 of 60 NSE indices sat below their own median P/E since 2021, against 20 at the end of 2025. IT was 34% below its median, Pharma 15% above.
Market ValuationsSectors
Nifty Energy P/E at 14.9; Oil & Gas near a five-year low
25 Jun 2026
Nifty Energy closed at a P/E of 14.86 on 24 June 2026, above its median since 2021. Nifty Oil & Gas, at 8.82, was below all but 174 sessions. Why they split.
Market ValuationsSectors
Nifty Smallcap 250 P/E at 34.6, up from 24.3 in March
18 Jun 2026
The Nifty Smallcap 250 closed at a P/E of 34.64 on 17 June 2026, dearer than on 93% of days since 2021. Its price rose 19% while its earnings fell 17%.
Market ValuationsNifty Midcap 150 P/E at 27.8: lower than in March
12 Jun 2026
The Nifty Midcap 150 closed at a P/E of 27.81 on 11 June 2026, under March's 30.34 though the index is 6.7% higher. Its earnings rose about 16%.
Market Valuations
Nifty Metal P/E at 19.2, as earnings keep pace with price
09 Jun 2026
Nifty Metal closed at a P/E of 19.19 on 8 June 2026, at its median since 2021, after a 37% rise in a year. Earnings rose as fast, but its P/B is near its high.
Market ValuationsSectors
Nifty 50 P/E at 20.21: price down, earnings up in May
05 Jun 2026
The Nifty 50 closed at a P/E of 20.21 on 4 June 2026. Since early May the index fell 3.8% while the earnings behind it rose 1.0%, pulling the ratio down.
Market Valuations
Nifty Realty P/E at 34.3: low on earnings, not on book
27 May 2026
Nifty Realty closed at a P/E of 34.30 on 26 May 2026, below all but 28 sessions since 2022, while its P/B sits mid-range. The index is 32% below its 2024 peak.
Market ValuationsSectors
Nifty Next 50 P/E at 19.1: cheaper than the Nifty 50
21 May 2026
The Nifty Next 50 closed at a P/E of 19.12 on 20 May 2026, under the Nifty 50's 20.41. It has had the lower P/E every session after 22 May 2025.
Market Valuations
Nifty Auto P/E at 29.4: dear on earnings, cheap on book
13 May 2026
Nifty Auto closed at a P/E of 29.35 on 12 May 2026, above its median since 2023, while its P/B sits near a three-year low. Its earnings fell 14% in a year.
Market ValuationsSectorsNifty 50 P/E at 21.21: a month of rising prices
07 May 2026
The Nifty 50 closed at a P/E of 21.21 on 6 May 2026, up from 20.18 a month earlier. The index rose 5.9% and earnings only 0.8%, so the ratio rose.
Market Valuations
Nifty Pharma P/E at 34.7, above its five-year median
28 Apr 2026
Nifty Pharma closed at a P/E of 34.69 on 27 April 2026, above its median since 2021 and 2.6% off its record, while the Nifty 50 is down 7.8% this year.
Market ValuationsSectors
Nifty FMCG P/E at 34, near its lowest since 2021
14 Apr 2026
Nifty FMCG closed at a P/E of 34.01 on 13 April 2026, below all but 10 sessions since 2021. Its earnings rose 12% in a year while its price fell 15%.
Market ValuationsSectors
Nifty 50 P/E at 20.18 after a March low of 19.62
07 Apr 2026
The Nifty 50 closed at a P/E of 20.18 on 6 April 2026, up from 19.62 on 30 March, its lowest since July 2022. Prices moved; earnings did not.
Market Valuations
Nifty 50 down 15% from its high: how deep is this fall?
31 Mar 2026
The Nifty 50 closed at 22,331.40 on 30 March 2026, 15.18% below its record, with the P/E at 19.62 and India VIX at 27.89. Where this fall sits in the record.
Market RecapMarket Valuations
Nifty IT P/E at 21.1, level with the Nifty 50
27 Mar 2026
Nifty IT closed at a P/E of 21.08 on 25 March 2026, below all but 10 sessions since 2021 and level with the Nifty 50. Its price fell 22% in eight weeks.
Market ValuationsSectorsNifty 50 P/E slips under 20, first time since March 2025
26 Mar 2026
The Nifty 50's P/E closed at 19.70 on 23 March 2026, under 20 for the first time since 13 March 2025. Price did all the work; earnings were flat.
Market ValuationsIndia VIX at 26.73: the highest close since June 2024
24 Mar 2026
India VIX closed at 26.73 on 23 March 2026, nearly double its February-end 13.70 and above 96% of all closes since 2014. What the gauge measures.
Market ValuationsMarket RecapNifty Smallcap 250 P/E at 24.3: below its median
20 Mar 2026
The Nifty Smallcap 250 closed at a P/E of 24.29 on 19 March 2026, under its 28.38 median since 2021, after an 11.6% fall in the index this year.
Market ValuationsNifty Midcap 150 P/E at 30.3 in the March fall
18 Mar 2026
The Nifty Midcap 150 closed at a P/E of 30.34 on 17 March 2026, just under its 31.16 median since 2021, but 1.47 times the Nifty 50's P/E.
Market Valuations
Nifty Bank P/B at 1.96, its lowest since 2021
10 Mar 2026
Nifty Bank closed at a price-to-book of 1.96 on 9 March 2026, lower than any session since March 2021, with the index only 9% below its February record.
Market ValuationsSectors