Indian stocks best among BRIC peers in H1 of 2010

Indian stocks best among BRIC peers in H1 of 2010

An analysis of MSCI Barra indices,  said only Indian stocks among BRIC (Brazil, Russia, India and China) markets gave positive returns in January-June period this year.

With debt crisis in Eurozone hurting global investors’ sentiment amid liquidity crunch, most of emerging markets saw outflow with equities bearing the brunt.

Positive return

Indian stocks provided positive return of 1.78 per cent in the first six months, while Chinese and Russian markets saw declines of 7.68 per cent and 11.05 per cent, respectively.

Brazil saw worst fall among BRIC markets with its stock markets declining by 16.46 per cent till June 30 this year, as per analysis of performances of Morgan Stanley Composite Indices (MSCI) for various nations. Marketmen said with some improvement in the global situation last month, Indian stocks were able to recover most of their losses to end at a better ground than its peers.

Indian stocks have outperformed MSCI Barra’s emerging market index, which includes all developing world markets. The index gave negative returns to foreign investors to the tune of 7.67 per cent in the reviewed period.

Further, Indian equities have provided returns of nearly one per cent in the past three years (taken together), while taking into account the last five years, they had given positive 17.31 per cent returns and over 12 per cent in the 10 years period.