NEW DELHI: When the arch bear turns bull, it is time to start worrying in the stock market ! Assets of equity MFs touched a record high of Rs 5.91 lakh crore this June from Rs 4.28 lakh crore a year ago. A strong bull run is generally followed by a flurry of IPOs. For Nifty, EPS for FY2018E and FY2019E are estimated at Rs 478 and Rs 586. Nifty is trading closer to 19 times forward earnings," Abhay Laijawala, head of India research, Deutsche Equities told ET.

Source: Economic Times July 13, 2017 05:37 UTC