Nifty was leading SPX all the way till Sep 2022, after which SPX has taken over.
If US markets stay like this, the underperformance in Indian markets will create a spiraling effect.
More money will get taken out by FIIs
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Both SPX and Nifty50 are plotted in USD currency. The depreciation in INR will be accounted automatically.
If US markets stay like this, the underperformance in Indian markets will create a spiraling effect.
More money will get taken out by FIIs
--
Both SPX and Nifty50 are plotted in USD currency. The depreciation in INR will be accounted automatically.
Kommentar:
As long as INR is depreciating against USD - Nifty50 can remain elevated. Even if the fundamentals are not in agreement.
