A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, June 29, 2015.(Reuters File Photo)

Is current valuation of stock market justifiable?

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON OCT 05, 2018 08:16 AM IST
There is no denying the fact that speculation is an important element of stock market movements. However, what differentiates stock market speculation from an activity such as gambling is the fact that the former is pegged to economic performance of companies whose stocks are being traded.
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