 "Stock market, BSE, sensex, markets")
Most global markets often march in lockstep. However, what has played out this year—more so since August—has stunned many on the Street. The Indian market has stolen a march over its emerging market (EM) and world peers. For a second straight month, the Nifty has outperformed the MSCI World index by more than 6 percentage point (ppt), while the MSCI EM for a fifth straight month.
China’s equity market correction due to the regulatory crackdown has weighed on the performance MSCI EM index—where it has more than a third of weightage. The MSCI World index is dominated by developed world
