Market Gauge: Indian Equity Market Condition as on 31st March 2024

Market Gauge by Rohan Jagtap

Valuations are now pricier than they were last week.

Market Trend : Downtrend

As per market gauge, even though the market seems to be on the rise, it is wise to proceed with caution.

Sectoral Market Gauge

Out of all the industries, only banking and financial services currently fall into the affordable zone, with IT coming close after a continuous decline. Media remains the sole sector in the Value zone.