The report also highlighted that, as of 2024, India and the U.S. are among the few markets trading close to record-high CAPE (Cyclically Adjusted Price-to-Earnings) ratios. The report also highlighted that, as of 2024, India and the U.S. are among the few markets trading close to record-high CAPE (Cyclically Adjusted Price-to-Earnings) ratios. Zee News :Business