India’s Nifty Futures Signal Stocks May Extend Last Week’s Slump

India’s Nifty Futures Signal Stocks May Extend Last Week’s Slump

Kuni Takahashi/Bloomberg

Stock brokers trade at Motival Oswal Securities Ltd. in Mumbai. The Sensex, which has risen 1.4 percent in 2013, traded at 13.5 times projected 12-month profits on May 24, data compiled by Bloomberg show.