The 50-stock Nifty is trading at 18.0x its estimated earnings, while the Sensex stands at 17.5x its estimated earnings. In the near-term, there are hardly any events that are likely to provide triggers for the market. "There's a possibility that some fatigue has set in," said Harsha Upadhyaya, CIO - Equity, at Kotak Mahindra Asset Management Company. Tata Consultancy Services rose 0.88 per cent, while Coal India climbed 0.31 per cent on Wednesday. "A lot of the events that the markets were looking forward to are now behind us — GST, monsoon and the earnings announcements.

Source: Economic Times August 10, 2016 23:15 UTC