Monday, October 8, 2018

Crude effect : India tops worst performing markets

Image result for stock markets green

India tops the list of worst-performing markets, with oil boiling and rupee’s slide.  The 50-share Nifty is down 15 per cent in the year-to-date in dollar terms and lags most Asian peers, except China, Indonesia and the Philippines.

Other emerging markets such as Brazil, Taiwan and Thailand are also in the red but have outperformed India. Last month, Goldman Sachs lowered its investment view on India from overweight to market-weight citing elevated valuations.

As of now Indian stock markets are trading in green.

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