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Indian equities are still more expensive than equities of developed and emerging markets: Report

New Delhi [India], July 21 (ANI): India continues to be one of the most expensive equity markets in the world, according to a latest report by Nuvama Institutional equities.

Nuvama research highlighted that the country’s 12-month forward price-to-earnings (PE) ratio stands at 23.3, which is the highest among major global and emerging markets.

It is 1.6 standard deviations above its 10-year average, indicati