Indian stocks have started to outshine their emerging-market (EM) peers after a brief spell of underperformance between December 2022 and March 2023, with the MSCI India Index trading at an eight-month high premium to the MSCI Emerging Market Index.
The MSCI India Index premium widened to 114.75% on 1 June, the highest since 12 September. The premium widened steadily from 92.74% on 29 March to the 1 June level. This was reflected by the Nifty 50 rising by 8.2% to 18,487.75 from 17,080.70 over the same period as foreign investors, who track these indices, buy the underlying stocks from the local stock exchanges.
The MSCI India Index normally trades at a premium to the MSCI EM Index, but the premium fluctuation indicates how Indian markets perform relative to EMs that make up the EM index. When the premium narrows, Indian stocks underperform and vice versa.
この記事は Hindustan Times の June 03, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Hindustan Times の June 03, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
'Hoax', Trump says on talk that he's ceded presidency to Musk
Donald Trump said on Sunday that he will be president of the US - not Elon Musk.
PWD to check road dust with GIS mapping
The Public Works Department (PWD) will start using geographic information system (GIS)-based heat mapping to monitor dust control measures along 4,200 kilometres of roads falling under its ambit, officials aware of the development said on Monday.
Man who killed 1 over 18 months held
KHURANA SAID THE ACCUSED WAS INVOLVED IN SEX WORK ACROSS THREE DISTRICTS AND WOULD SOLICIT CLIENTS IN AND AROUND LIQUOR VENDS AND ROADSIDE DHABAS
Top Maoist leader arrested in Kanker
POLICE SAID THAT THE 57-YEAR-OLD MAOIST LEADER WAS IN-CHARGE OF LOGISTIC SUPPLY
India wait for Shubman to sort out scoring issues in away Tests
The No.3 batter has a range of shots, but hasn’t shown patience early on and has struggled on this tour of Australia
Pager attack was years in the making: Ex-Israeli agents
Two recently retired senior Israeli intelligence agents shared new details about a deadly clandestine operation years in the making that targeted Hezbollah militants in Lebanon and Syria using exploding pagers and walkie talkies three months ago.
He gave Indian cinema a new voice
Shyam Benegal, one of India's greatest directors, died on Monday, leaving behind a body of work that will be remembered for its breadth of vision, compassion for the marginalised, intellectual acuity, and a deep humanity.
Internal candidates land top-level Wipro jobs
Veterans at Wipro Ltd are steadily rising to the top in Srinivas Pallia's eight months in the corner office, at a time when India's fourth largest technology services firm is working to recover from a full-year revenue decline.
TN WILL CONTINUE TO FOLLOW POLICY UP TO CLASS 8: MIN
Tamil Nadu will continue to follow the 'no-detention policy' up to class 8, school education minister Anbil Mahesh Poyyamozhi said on Monday.
'ILLEGAL': SANJAY SINGH QUESTIONS KEJRIWAL'S ARREST
The Aam Aadmi Party (AAP) on Monday accused the Bharatiya Janata Party (BJP)-led central government of orchestrating the \"completely illegal and unauthorised\" arrest of party chief Arvind Kejriwal.
