₹32583 crore in 2021 so far and ₹4254 crore in March.“While the Nifty forward valuations at 21 times price to earnings is higher than long term averages, it is adequately counterbalanced by lower interest rates (compared to long term averages), earnings upgrade cycle and strong reforms narrative.
India's valuation premium to MSCI emerging markets has remained steady around 40% despite the rally," Rahul Singh, Chief Investment Officer (CIO) – Equities, Tata Mutual Fund, said.However, Singh feels the increase in crude prices may effect India's macro variables (current account deficit, fiscal deficit) versus other emerging markets putting India's premium valuation under threat.The rupee weakened by 13 paise to close at 72.56 against the US.