> India is World's best Performing Stock market!!

NEW DELHI: India has emerged as the world's best performing stock market in the past three months, notwithstanding the five-day plunge that wiped off close to 85 billion dollars of investors' wealth from the bourses.

The country's benchmark Sensex has lost over 1,300 points in five trading sessions pulling down the total market capitalisation of all the listed firms from about USD 1,650 billion to USD 1,565 billion during the same period.

However, an analysis of three-month US dollar return data available with the global market intelligence service provider MSCI Barra for equity markets across the world shows that Indian bourses have delivered the highest gain of 33.64 per cent during this period, thus adding over USD 400 billion to the investors' kitty.

The developed markets like the US, Japan, Austria, Sweden and Belgium have given negative returns in this period, while UK managed a modest return of 0.6 per cent.

The best performing developed markets has been Spain (18 per cent) and Hong Kong (17 per cent). But, their returns is just about half of the same on Indian bourses since August 21.

Worldwide, India is followed by Qatar, UAE and Egypt with a gain of about 28 per cent each. Among emerging markets, India is followed by Brazil with 31 per cent return, while Chinese stocks have managed to give about 17 per cent returns. But, there are others as well like Taiwan, Sri Lanka, Chile, Mexico and Venezuela who have registered a fall during this period.

Since the beginning of this month, however, just a handful of markets have managed to register a positive return. Spain is the only developed market to have seen a modest gain in November (0.6 per cent), while Morocco, Egypt, Colombia and Jordan are the only emerging markets posting positive returns.

Originally Posted by medpal

This boom looks like purelyliqudity driven.

As the Indian Economy is strongly marching ahead, the overflowing money from western markets are driving sensex up.

Eventhough i cant make head and tail of it, i am happy because i am making some profits.

BTW anyone got good hints / tips / recommendation regarding stocks then do pass me

Stocks you can pick up: HCL, Nestle, Suzlon Energy- Investor's Guide-ET Features-The Economic Times

Originally Posted by Safin

book your profits doc. Especially by 23rd. The fluid political situation in India does not augur well for the future. And when it falls, it tumbles. There is huge FII inflows and any hint of a stronger Left/ weaker congress at center will not be taken lightly by them.