New Delhi, Feb. 28 -- The Nifty 50 is expected to trade in a range-bound manner throughout the year, with valuations still on the higher side, according to Pratik Gupta, CEO and Co-Head, Kotak Institutional Equities. Despite India's strong medium-term growth prospects, factors such as expensive valuations and moderate earnings growth expectations could limit significant upside in the near term.

According to Pratik Gupta of Kotak Institutional Equities, the NIFTY is currently trading at approximately 19 times March 2026 P/E, which remains significantly higher than historical averages and about a 90 percent premium to the MSCI EM Index. Given the expected 14 percent CAGR in earnings for FY26 and FY27, there are downside risks to these esti...