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.
|Index on 1st Jan||Index on March 21||Returns|
|Hong Kong's Hang Sang||21327||20,619||-3.4%|
|RTS Standard (Russian)||11449||12,636||9.4%|
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.