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Indian stocks worst performer among BRIC countries in February

Indian stocks worst performer among BRIC countries in February
PTI
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First Published: Sun, Mar 01 2009. 01 13 PM IST
Updated: Sun, Mar 01 2009. 01 13 PM IST
New Delhi: Finding it difficult to wriggle out of the bear grip, Indian equities have given the worst returns to investors compared to their peers in the three other BRIC nations Brazil, Russia and China in February.
According to an analysis of MSCI Barra indices, a measure of returns from various stock markets across the world for foreign investors, Indian stocks have given the highest negative return among the four BRIC countries in February.
Indian stocks have provided a negative return of 10.40% last month, while China and Brazilian markets have given losses of 3.18% and 2.93%, each.
At the same time, investors witnessed marginal negative returns to the tune of 0.86 per cent in the second month of 2009, according to an analysis of performances of MSCI Indices for various nations.
Indian stocks have even underperformed the MSCI Barra’s emerging market index, which includes all the developing world markets, giving negative returns to foreign investors to the tune of five per cent in the month.
Analysts believe that the negative global cues along with the political uncertainty before the general elections to be held in May, are taking a toll on the performance of domestic stocks.
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First Published: Sun, Mar 01 2009. 01 13 PM IST
More Topics: Stocks | India | BRIC | Brazil | Russia |