July 4, 2010 12:26 PM

printer

Indian stocks fare best in BRIC markets in first half of the year

Indian stocks have fared the best among the BRIC markets in the first six months of this year, amid weak global economic climate hurting investor returns worldwide.According to an analysis of MSCI Barra indices, a measure of returns from various stock markets across the world for foreign investors, only Indian stocks among the BRIC-Brazil, Russia, India and China markets gave positive returns in the January-June period this year.With the debt crisis in the Eurozone hurting the global investors' sentiment amid a liquidity crunch, most of the emerging markets saw an outflow this year with equities bearing the brunt of the perilous situation.Indian stocks have provided positive return of 1.78 per cent in the first six months of this year, while Chinese and Russian markets saw declines of 7.68 per cent and 11.05 per cent, respectively.Brazil saw the worst fall among the BRIC markets with its stock markets declining by 16.46 per cent till June 30 this year, as per the analysis of performances of Morgan Stanley Composite Indices (MSCI) for various nations.

Most Read
View All arrow-right

No posts found.