Nilesh Shah offers a neutral assessment of the broader Indian market's valuation, stating it is 'neither cheap nor expensive.' He notes that the market is currently pricing in a return to double-digit earnings growth, which the underlying fundamentals are beginning to justify in the near to medium term.

Nilesh Shah’s track record: 4 graded calls · 95% CI 15–85%

Nifty 50NeutralCalled 17 Feb 2026Graded 23 Aug 2026
Verdict:MISS

Nifty 50 dropped from ₹25819.35 to ₹23114.50, a significant decline of 10.48%, which contradicts a neutral assessment.

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