Indian Markets are outperforming ….Kapil
The Indian Stock Markets are outperforming other markets over the past month and a half. As seen in the charts above, the out performance of the Indian Markets started in May 2010. How long this goes on is anybody’s guess.
However, this out performance is sweet for Indian investors; especially because (1 ) There is a heavy impact of the European crisis on Stocks worldwide and (2) – the US markets are demonstrating serious weakness in near term especially with Dow below 10,000 and S&P Index below 1050.
In India, well — The tax collections are up. Corporate performance in Q1 is expected to be better, at least by 15%. Monsoon is active again and covered almost all the areas ten days in advance. Earnings season will begin soon.
The above factors are seemingly having a favorable impact on markets.
It will be interesting to see the performance of the markets vis-à-vis the US Markets in the coming weeks and months.