Indian indices perform better than emerging market counterparts in 2021

Nifty has gained 17% YTD in dollar terms, best among headline EM indices

The Indian markets have outperformed their emerging market (EM) peers on a year-to-date (YTD) basis, supported by a combination of favourable short-term and medium-term factors. The benchmark Nifty has gained 17 per cent YTD in dollar terms, the best returns amongst headline EM indices. The  Nifty's outperformance has been consistent — it has also bettered its EM peers over one-month and three-months periods.
 
Analysts said the positive news on reduction in daily increase of Covid-19 cases over the past month and a revival in economic indicators and earnings are the reason for the better performance. Rising expectations of a