Indian Benchmark indices outperform Asian peers

Trade war fears have shredded significant gains made by investors across global indices. The Asian markets were the worst hit, with Chinese indices losing the most.

The Asian equity indices including Japan’s Nikkei, Korea’s Kospi, Hong Kong’s Hang Seng and China’s Shanghai Composite touched their lows and traded with losses during the week. The Shanghai Composite was the worst performer, down by 4.3 per cent for the week and 12.37 per cent for the month. This was followed by Hong Kong’s Hang Seng index which is down 3.1 per cent for the week and 11 per cent for the month. Japan’s Nikkei and Korea’s Kospi were down 2.29 per cent and 2.9 per cent, respectively for the week and 4.5 per cent and 8.5 per cent, respectively for the month.

Contrary to this, the Indian benchmark indices like Sensex and Nifty were trading positive despite various headwinds of high FII selling, rising crude prices and falling rupee. The Indian benchmark indices gained around 0.7 per cent for the week. The BSE Sensex and Nifty50 gained 4.75 per cent and 2.4 per cent, respectively since January 2018. Both the benchmark indices were trading positive with BSE Sensex up by 0.46 per cent and 0.28 per cent up, respectively at 11:00 hours on Friday.