Sensex races past developed markets in last one month, rises 14.2%

After underperforming many developed markets for the better part of the past two years, the Indian equity markets are now pulling ahead of their peers in North America and Western Europe.

The benchmark BSE Sensex is up 14.2 per cent in the past one month against a 3 per cent appreciation in the Dow Jones during the period.

In the same period, the United Kingdom’s benchmark FTSE 100 is up 2.1 per cent, France CAC 40 index 7.3 per cent, and Germany’s DAX Index 6 per cent (see chart).

In contrast, the Sensex has been a laggard compared to stock