Indian market a shade better than EMs

The Indian equity market is the best-performing among emerging economies in the last three months despite the rupee weakening by 3 per cent to 71 against the US dollar.

Sensex rallied 7 per cent in the last three months, thanks to constant inflow of money from retail investors.

Corporate tax rate cut provided the much-needed earnings boost while improvement in demand during festive seasons turned the sentiments positive.


However, so far in the calendar year, Russia, Brazil, China and Taiwan performed better than India.