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Indian Stock Markets Outperform Most Peers
Apr 8, 2019

After the dream bull market of 2017, 2018 turned out to be a wet blanket.

Small and mid-cap stocks were the first ones in the line of fire, and also the worst hit.

The benchmark indices, however, managed to hold on longer. The Sensex even went on to hit an all-time high around the end of August. But the Indian markets fell sharply during September, triggered by the unfolding of the IL&FS crisis. The market correction got worse in October as the US-China trade-war tensions and liquidity tightness in the domestic NBFC sector severely dented market sentiment.

In November 2018, the markets attempted a short-lived turnaround, but it wasn't enough to bring back the bulls.

Subsequently, the markets treaded in an indecisive zone.

But since March 2019, the Indian markets have rallied sharply. As a result, India managed to outperform most of the other major economies during the second half of the financial year 2018-19 (H2: 2018-19).

The chart of the day shows the performance of the some of the major world economies during H2: 2018-19 in dollar terms.

From October 2018 to March 2019, the BSE Sensex increased by 6.8% in rupee terms and 11.7% in dollar terms.

Brazil, Indonesia and China are the only other major economies that did better than India during this period.

Will the trend continue going forward? Let's wait and watch...

Data Source: RBI

This Chart Of The Day was published in The 5 Minute WrapUp - New-Age Investing Mantra: I Love You, But I'm NOT Taking You Home

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