How India Compares With Global Stock Markets On Returns This Year?

Business

oi-Sunil

By Sunil Fernandes

Published: Tuesday, March 22, 2016, 11:19 [IST]

India's stock market performance has not been the best this year. In fact, it has under performed a few emerging markets and also some of the developed markets.

Take a look on returns since the start of the year.

	Index on 1st Jan	Index on March 21	Returns
Sensex	26160	25203	-3.9%
Shanghai Composite	3287	2995	-8.89%
German DAX	10283	9984	-3%
Dow Jones	17184	17623	2.5%
French CAC	4522	4427	-2.14%
Brazilian Bovespa	42141	51,171	16.64%
Hong Kong's Hang Sang	21327	20,619	-3.4%
RTS Standard (Russian)	11449	12,636	9.4%

As can be seen from the table emerging market peers like Brazil and Russia have done well, based on the rally that we have seen in commodity prices over the last few years.

However, China has been a bad performer this year and while most global markets recovered this year, China failed to do so.

Interestingly, select developed markets from Europe like the German Dax and the French CAC have almost generated returns like India.

Clearly, the stand out among the stock markets this year, have been the Russian, US and the Brazilian markets.

What's in store for global markets this year?

Nobody knows what is in store for global markets this year. There has been some recovery taking shape after the ECB unleashed a fresh monetary stimulus, which saw some recovery in Europe and across the globe.

In India, following the Union Budget, the Indian stock market indices are up near 10 per cent. A revival in oil prices has pushed global markets higher, which could continue should crude prices rally further.

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