Performance ranker: How did the Indian equity market perform against global markets in October 2021?
5paisa Research Team
2nd November 2021 - 02:13 pm
Among major global markets, it was only the Japanese and Brazilian equity markets that performed worse than the Indian equity market.
The Indian equity market remained quite volatile in October 2021. In the first 12 days of trading, Nifty 50 gained as much as 6%. From the 17500 mark, it scaled the highs of 18600 in a matter of just 12 trading sessions. Nevertheless, after October 19, the market started to fall and in a few trading sessions, all the gain made in the first half of October was lost. Nifty was again trading at the 17600 mark.
Nevertheless, such a fall was not due to any global cues, it was a purely over-stretched valuation that might have played down.
Among major global markets, it was only the Japanese and Brazilian equity markets that performed worse than the Indian equity market.
The best performing market was tech-heavy Nasdaq, which gained 7.27% in October followed by S&P 500 and Dow Jones Industrial Index. So, it was the US equity market that remained the best-performing equity market in October 2021.
The following table shows the performance of the major global equity market in October 2021.
|
Stat |
S&P 500 |
DAX |
FTSE |
Nikkei 225 |
Nifty |
CAC 40 |
DJIA |
Hang Seng |
NASDAQ |
Bovespa |
|
Total Return |
6.91% |
2.81% |
2.13% |
-1.90% |
0.30% |
4.76% |
5.84% |
3.26% |
7.27% |
-6.74% |
|
Max Drawdown |
-1.12% |
-1.46% |
-1.15% |
-3.22% |
-4.36% |
-1.26% |
-1.09% |
-2.90% |
-1.28% |
-9.72% |
Maximum drawdown, which is defined as the peak-to-trough decline of an investment during a specific period, shows that in the month of October, the Indian equity market saw a max decline of 4.36%. Indian equity market was second only to the Brazilian market that dropped almost 10% in the month of October 2021.
The Indian equity market has recovered from its 50-day moving average and Nifty is trading close to the 18,000 mark that remains a strong resistance of now.
Tanushree Jaiswal