New Delhi, Feb. 20 -- Indian stock markets valuations are closer to their long-term averages after the correction of nearly 15 per cent since September 2024, says a report by Antique Stock Broking.

The report highlighted that the market cap-to-GDP ratio has declined significantly, though it remains above +1 standard deviation. This elevated level is largely attributed to the record equity supply in recent years.

It said "Post the recent correction of around 15 per cent since September 2024, market valuation is now trading near long-term average valuation in terms of price to earnings, price to book, and bond-equity earnings yield basis"

The report also mentioned that the foreign portfolio investor (FPI) equity outflows from select emer...