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Risk of underperformance by domestic markets after April showing

Some believe that the best monthly performance in 11 years was on a weak footing, as it was sans any fundamental base

Topics
Domestic markets | Sensex | Nifty

Samie Modak 

Markets
Indian markets have kicked off May with sharp underperformance

Despite being a washout month for the economy, Indian equities were the best performers globally in April. The rose 14.7 per cent in local currency terms — most among major world . In dollar terms, India’s returns were slightly below that of Taiwan. Some believe that the best monthly performance in 11 years was on a weak footing, as it was sans any fundamental base. If investor sentiment turns bearish, could tumble, they add.

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First Published: Tue, May 05 2020. 01:32 IST
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