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Benchmark indices
Among the major world markets, Indian indices have slipped the most from their recent high, falling close to 10 per cent from their peak value in 2015. The fall is worse than even Russia's which has been plagued by falling currency and crude prices. It is also looking at the economic sanctions following its worst confrontation with the West since the Cold War. Indian markets have declined on account of worries about the effect of an American rate increase on emerging markets, the issue of FII taxation and fading optimism about a promised economic recovery. Indian markets had gained about 30 per cent in 2014 on hopes that the newly elected Bharatiya Janata Party government's reform moves would boost the economy.
