Is Nifty just too expensive at 25,000? Let's find out using 3 valuation tools

The Nifty index, having surged 14% this year to surpass 25,000, is now considered overvalued by some analysts. Axis Securities predicts a drop to 24,600 by March 2025. Valuation tools like the Buffett Indicator and BEER ratio suggest the market is slightly expensive. Defensive sectors are expected to outperform cyclical ones amid global uncertainties.