- Indian rupee pulled off lows by suspected RBI interventionIndian rupee down 24 paise against dollar in early tradeBSE Sensex extends fall, Punjab National Bank shares dip after weak resultsIndian rupee, US Fed taper drags BSE Sensex down to worst week in over 3 mths, HDFC, RIL, shares hit
(November 2010), consumer staples and healthcare stocks led the rally with 83% and 45% returns.
“Automobiles, healthcare and technology sectors are at attractive valuations relative to historic averages...Cyclicals are at discount. Global cyclicals are a huge discount to markets,” stated the study.
Public sector banks are at 46% discount to historical P/B and 74% discount to market P/B.