Nifty50 Hits 10-Day High; PE Ratio Back Above 20 but Still Below Historical Averages

The NSE benchmark Nifty50 began the session on a negative note but swiftly recovered after initial volatility. As a result, the index surged to a fresh 10-day high of 22,669 as of 9:54 AM on March 10, 2025.

Currently, the Nifty50 is trading up by 116 points or 0.50% at 22,669.

Top Gainers and Losers in Nifty50

• Top contributors to the gains: Infosys and ICICI Bank
• Top drags on the index: Larsen & Toubro (LT) and IndusInd Bank

Market Breadth Favors Bulls

The advance-decline ratio indicated a bullish sentiment:

• 36 stocks were trading in the green
• 13 stocks were in the red
• 1 stock remained unchanged

Sectoral Performance: Nifty Metal and Media Lead

Barring Nifty Auto, all other sectoral indices were in positive territory. Nifty Metal and Nifty Media led the gains, rising over 1% each on March 10, 2025.

Nifty50 Nears Key Resistance After a 700-Point Recovery

The index has gained over 700 points from its March 4 low and is now approaching the opening downside gap seen on February 24, 2025.

Nifty50’s PE Ratio Remains Below Historical Averages

During the recent correction, Nifty50’s PE ratio had slipped below 20, hitting a two-year low of 19.63. However, with the latest recovery, the PE ratio has improved to 20.05 as of March 7, 2025.

Despite the rebound, it remains below its 1-month, 3-month, and 6-month averages, as well as its 1-year, 2-year, and 5-year historical averages.

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