Market strategy: How should investors rebalance portfolios for H2CY26? Analysts favour banks, auto, metals, healthcare

Market strategy: Valuations have also become more attractive. The Nifty 50 index is currently trading at a 12-month forward P/E ratio of 18.8x, around a 10% discount to its long-period average (LPA) of 21x. Its forward P/B ratio of 2.7x is about 5% below the historical average of 2.9x.