Indian equities are among the best performing equities this year, if one goes by the benchmark BSE Sensex. Indian indices have beaten not only Brazilian, Russian and Chinese indices, but also all other developed and emerging markets. Take a look at how we compare against other BRIC markets, Indonesia included.
A super return of almost 19% this year
Since the start of the year, the S&P BSE Sensex has given staggering returns of almost 19 per cent. This is the highest for any benchmark indice anywhere in the world. The rally has been based on a strong and stable government at the Centre and hopes of reforms.
Ukraine worries dampen sentiments
The Russian Trading System Cash Index is down almost seven per cent since the beginning of the year. Escalation in tensions between Ukraine and Russia has pushed benchmark indices lower in the country. Sanctions have only compounded the worry for investors.
Brazilian markets are flat this year
The Ibovespa Brasil Sao Paulo Stock Exchange Index has remained almost flat this year. The index has not generated any returns compared to almost 19 per cent for the BSE Sensex. Hope the FIFA World Cup 2014 brings cheer to the country and the index.
Like Russia the index is down
The Chinese Shanghai Stock exchange Composite Index is down 2.7 per cent and like Russia has generated negative return. Investors continue to worry over a credit bubble and growth in Asia's largest economy.
3rd best performing market after India and Turkey
The Jakarta Stock Exchange Composite Index is the third best performing index after India and Turkey. So far the index has generated a return of almost 16 per cent since the start of the year. Hopes of reforms and economic growth are boosting stock prices in the country.