Dalal Street beats global peers for a second financial year in row

Indian markets outperformed their global peers for a second financial year in row, with the benchmark Nifty50 rising 19 per cent in financial year 2021-22 (FY22). In comparison, the MSCI Emerging Market (EM) fell 13 per cent, while the MSCI World gained 10 per cent. Equities also outperformed gold, which rose 13 per cent.

However, the gains were muted compared with the previous financial year, when the market soared 70 per cent, thanks to the sharp rebound from Covid-19 lows.

The post-pandemic stimulus measures and low interest rates saw the Nifty gain as much as 26 per cent to touch a fresh