Pedestrians walk past a window display advertising a 50 percent discounts and stock clearance offers at a store in London, U.K. (Photographer: Simon Dawson/Bloomberg)

Most Nifty Stocks Are Trading At Decade-High Discount 

Three-quarters of Nifty 50 stocks are now cheaper than what they were historically as the rout drives down valuations in Asia’s most expensive market.The 12-month forward price-to-earnings multiple...