Letters to Editor - The HinduBusinessLineSENSEX 74,207.24 -2,496.89NIFTY 23,002.15 -775.65CRUDEOIL 9,007.00+ 9.00GOLD 144,587.00 -8,438.00SILVER 227,395.00 -20,799.00SENSEX 74,207.24 -2,496.89NIFTY 23,002.15 -775.65NIFTY 23,002.15 -775.65CRUDEOIL 9,007.00+ 9.00CRUDEOIL 9,007.00+ 9.00GOLD 144,587.00 -8,438.00'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth();]]>Updated - March 19, 2026 at 09:17 PM.Market movementThis refers to ‘Course correction’ (March 19). Discussions around benchmarks such as the Nifty 50 often tend to attribute market movements primarily to changes in P/E multiples. Investors rarely rely on a single metric; instead, they weigh growth prospects, macroeconomic trends, and demand-supply dynamics alongside valuations. A “one-size-fits-all” framework that uses P/E multiples as the primary yardstick across markets and sectors may fail to capture these nuances, leading to incomplete interpretations of index and stock price movements.Srinivasan VelamurChennaiSelect wiselyThis refers to ‘The elite degree problem’ (March 19). The preference for faculty with a PhD from select institutions like IITs and IIMs by private universities raises two issues. On the twin prerequisites for effective teaching — knowledge and its communication with the students in a way they can understand — such faculty ensures the former while the lack of the latter limits the transmission of knowledge resulting in the underutilisation of the talent of the faculty. There are exceptions, no doubt, but with 66 per cent of the colleges being in the private sector, the learning gap may not be bridged despite the recruitment of such faculty.Also, experience tells that given the faith in the calibre of such faculty the selection process may be influenced by the ‘halo effect’ and wrong judgments may be made.YG ChoukseyPuneGrowth and happinessThis refers to ‘For GDP growth that spurs happiness’ (March 19). Welfare is a state of mind. India has a rich cultural heritage. This means that our philosophy is so strong that we can be happy with even less goods and services or GDP. That said, I fully agree with the writer’s observation that the safety, the cleanliness, the relocation and the relaxation industries can increase the GDP as well as the welfare of the people. In other words, a little investment in the aforesaid industries can have a multiplier effect on the employment, income, demand and output in the economy, and also intangible happiness or welfare.S RamakrishnasayeeChennaiPublished on March 19, 2026Sign into Unlock benefits!Access 10 free stories per monthAccess to comment on every storySign up/Manage to our newslettersGet notified by email for early preview to new features, discounts & offers${ ind + 1 } ${ device }Last active - ${ la }