India's stock indices, having beaten peers in the pre- and post-pandemic periods, underperformed global markets over the last three months and so far in 2023. Yet, the domestic benchmark is one of the most expensive globally.
India ranks sixth by returns among emerging markets over the past three months. While Argentina, Russia, Brazil, Saudi Arabia and Taiwan outperformed India, the domestic market beat South Korea, Turkey, China and Malaysia.
India ranks 12th across emerging markets on a year-to-date price performance, lagging Argentina, Chile, China, Brazil and others. It only managed to outperform Malaysia.
India ranks fourth among top global markets. It lagged the U.S. and Japan but beat China, Korea, Germany, and the U.K. over the last three months.
India Vs Global Markets
The Nifty 50 ranks ninth among global markets year-to-date, trailing Japan, Germany, South Korea, China, and other benchmarks. However, it managed to outperform Dow Jones (U.S.), and the U.K. and Hong Kong benchmarks.
However, the valuations reflect a different story. The Indian markets have a history of trading at a premium, and this time was no different. India is one of the most expensive markets globally.
The NSE Nifty 50 is trading at 19.86 times its estimated one-year forward earnings—making if the fourth most expensive market among global peers, and the most expensive emerging market.
RECOMMENDED FOR YOU
'Trump Tariffs May Backfire': From UK To China, How Global Media Covered US Levies On India
Aug 28, 2025
JPMorgan To Pay $330 Million To Malaysia To Settle 1MDB Claim
Aug 22, 2025
Trump Tariffs Seen Fostering New China-Global South Trade Order
Aug 19, 2025
How To Save Rs 1 Crore For Your Child's Education: Investment Strategy Explained
Aug 17, 2025
POPULAR