MSCI India premium surges to 8-mth high
Mint Mumbai|June 03, 2023
Premium widened to 114:.75% on June, the highest since 12 Sep
Ram Sahgal
MSCI India premium surges to 8-mth high

MUMBAI : 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.

Denne historien er fra June 03, 2023-utgaven av Mint Mumbai.

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Denne historien er fra June 03, 2023-utgaven av Mint Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

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