Nifty tops global markets in 2017

Rallies 26.5% in dollar terms, beating all major developed markets

Despite falling more than 2 per cent in August, the outperformance of the Indian market vis-à-vis other major developed and emerging continues. In 2017 so far, the benchmark Nifty has gained 26.5 per cent in dollar terms – the highest by any major benchmark index globally.

While India had lost the number one spot to South Korea in June and July, a larger correction in the Korean market on account of escalation in the US-North Korea tensions has tilted the scales back in India’s favour. In the past one month, the Nifty has fallen 1.15 per cent, while the Korean market