India ranks ninth in terms of market performance this year; Brazil tops

Asian peers such as Taiwan and South Korea are attracting more FII flows than India

Despite gaining over six per cent, India is not among the top five best-performing global markets in 2018. BRIC peers Brazil and China are among top performing markets, with a gain of 10.3 per cent and nine per cent, respectively, in dollar terms. Even developed markets, including Japan and Germany, have gained more than India, gains in the US and other European markets are in line with the gains in the domestic market. Experts say the on-going exuberance in the domestic market is on account of a rising risk appetite among global investors.

The key drivers are improving global growth, strengthening