Deepak Shenoy Talks: Nifty P/E and EPS Growth, FII Buying and more…

The next in the Deepak Shenoy Talks series:

• India saw the first down week after 9 continuous up-weeks, from the lows of 4667 on the Nifty. But regardless of this week’s 100 point fall (2%), FIIs continue to buy; they have had net buys in the market since Feb 26, or for 32 continuous days! ***This is the longest continuous stretch of FII buying since 2004, from when the data has been provided.

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• *** ***Nifty’s P/E still is at 22.78, despite the recent fall. The EPS has fallen to 231 from a high of 235 recently, and I can’t find much reason for the 2% drop; Infy’s results marginally impacted it, but the market cap changes and weightages would impact it more. Still, here’s the chart:

The video has more. Thanks for watching!

(I’ve attempted a music intro – that’s Strunz and Farah – and slightly better edited audio. Please let me know what you think)