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Charts & Analysis

How the Indian Stock Market Compares with the Rest of the World (September 2012)

After a long season, let’s hit some international charts again. All data till Thursday (so none of the Friday gains are in)

The German DAX has done very well, with over 21% returns. In the US, the S&P has a near 14% return for the year, with the Nifty a third at 13.3%.

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Shanghai performs the worst, being the only index of the above lot that’s negative for 2012. However, the Nikkei is just about above water at 2.7%.

The Nifty does very well on BRIC – with Brazil and Russia at sub-5% for the year. 

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Finally, let’s take a look at Asia. Singapore comes close to India’s return, which is still numero uno.

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Having said all of this, will the ranking remain this way? With the massive coal and power scams, with a dysfunctional government, with no action in parliament, with rising inflation, with a potential drought, and with large defaults looming for our banking system, why should India really get a premium?

We’re still doing remarkably well in that context. But will the run last? I will post later this year.