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India pips EM peers in latest market uptick as US stimulus brings hope

2020 underperformance narrows; Experts say going further outperformance could be a challenge

Topics
Domestic markets | Emerging markets | stock market

Sundar Sethuraman & Samie Modak  |  Mumbai 



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Still on a year-to-date basis, India’s returns lag that of the EM by 360 basis points (bps)

The have raced ahead of their emerging market (EM) peers in the latest uptick seen in global equities triggered by optimism around the US . Since last month’s lows on September 24, the Nifty has rallied 11 per cent. In comparison, the MSCI EM index has gained only 7.4 per cent. The top three weights on the index — China, Taiwan, and South Korea — have gained between 3.6 per cent and 5.3 per cent.

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First Published: Wed, October 14 2020. 19:13 IST

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