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India's stock market recovery divides traders on which sectors to bet on

India economy Coronavirus
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There’s little consensus on where to invest in Asia’s third-largest economy as stocks bounced back to bull territory and valuations are no longer dirt cheap.

There’s little consensus on where to invest in Asia’s third-largest economy as stocks bounced back to bull territory and valuations are no longer dirt cheap.

The benchmark S&P BSE Sensex Index has rebounded 11% in April, after suffering its worst quarter on record. The gauge is trading at 16.6 times estimated 12-month earnings.

While still below its five-year average, it’s up from 12.2 times toward the end of March. Some investors expect the gradual recovery to continue, fueled by anticipated fiscal stimulus.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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