Water sits on a coffee plant. (Photographer: Rodrigo Capote/Bloomberg)
The renewed U.S.-China trade war, a liquidity crunch, a slowdown in consumption and election uncertainty turned Indian stock market volatile.While the NSE’s Nifty 50 recovered from its recent slump after exit polls predicted a comeback to power for the Prime Minister Narendra Modi-led government, the surge has made stocks expensive.The benchmark is trading at 20.4 times its 12-month forward earnings. That’s higher than the five-year ...