Are Indian equity valuations reasonable following the recent market fall? Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It gives a little extra by setting out a context or an event or trend that investors should keep track of. Tuesday’s trading session brought no respite for Indian equities from the bearish sentiment prevailing on the Street for several weeks. At noon, benchmark indices were flat, mirroring the nervousness in other Asian markets and the US markets that saw a whopping $4 trillion dollar rout on Monday. The market decline is broad based and has seen almost all sectors hit new lows. The benchmark Nifty 50 itself has fallen 16 percent from the peak scaled in September. This brings us to the next question: Are Indian equity Valuations reasonable after the recentMarket fall? The Nifty50 Index is trading at about 19 times and 17 times the expected earnings per share for FY2026 and FY2027, respectively. This is in addition to significant disruptions caused by new-age businesses that are threatening to displace old ones. Such changes are already putting to test the old discounted cash flows and PE multiples valuations.