Indian market shows grit amid global collapse, slides least in sell-off

FTSE, DAX and CAC are down 6%, 5% and 3%, respectively. Nifty and Sensex, have slid 1.4% and 0.8%

For years now, India equities have marched in lockstep with global equities. If we go back a decade, our benchmark indices slumped in sync with other global indices in the aftermath of the Lehman Brothers collapse. Then again, they rallied with other global indices when a stimulus package was announced in the US in 2009.

The fall in the past week, too, was in line with global equities. What's surprising, however, was that the slide was not to the extent expected.

"While we are not quite delinked, India will be much less impacted by what happens to US interest rates",