Indian stocks outpacing world by most since 2018 emboldens bulls

Indian stocks are throwing up rare signals pointing to the possibility of further gains after a powerful rally.
 

The MSCI India index beat the MSCI World gauge of developed nations by more than six percentage points last month, the biggest gap since 2018. The average return from the India gauge 12 months out after such relative outperformance is 15%, according to data compiled by Bloomberg.

The Indian index is also eyeing its eighth straight monthly advance. Such a streak has only been seen twice before in the past two decades, in 2003 and 2007. The average return