Stock market slide trims valuations, but key gauge still signals overvalue

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The story "Stock market slide trims valuations, but key gauge still signals overvalue" was covered 12 hours ago by Business Standard, a news publisher based in India.

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Stock market slide trims valuations, but key gauge still signals overvalue - Business Standard

Quick Summary:

However, some stocks that were trading at lower valuations have moved into higher valuation brackets."Overall, the market remains one of the most expensive in history.

Generally, a value above 100 per cent is read as the market being overvalued.

Analysts caution that the small and mid-cap stocks, the so-called retail favourites, are still not attractive even after they have corrected 13 to 16 per cent from peak levels.