As concerns of economic slowdown deepen and corporate earnings even failed to uplift the stock market sentiment, Indian markets so far in the year 2019 have been the worst performing.
The problem got worsened soon after the Union Budget 2019 imposed surcharge on the super rich category that also include some FPI category, to increase its revenues.
Nonetheless a huge exodus of foreign funds from the markets eroded investors' wealth heavily.
So far in the calendar year 2019, Sensex has posted a muted return of 3.5% while Nifty a modest gain of 1.5% in comparison to its return of 4% in the previous year.
Meanwhile, other markets have been posting better returns such as the Bovespa Index of Brazil posted 17% return while China's Shanghai posted 12% return. Also, the US market has managed to deliver 15% and 18% return on S&P and NASDAQ, respectively.
Other global indices - FTSE and DAX have also fared better than Indian market delivering 7 per cent and 11 per cent respectively.