In CY13, Indian equities among worst performers despite record FII inflows

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SummaryDespite seeing one of the highest inflows by foreign institutional investors, Indian equities have been among the most underperforming markets in the current calendar year compared to their Asian and emerging market peers.

not huge and brokerage volumes have been more or less stable, which explain why the Indian markets have underperformed the peers,” said Vinay Khattar, vice-president, head research, Edelweiss Capital Markets. Experts said India is in a consolidation mode after a sharp rally last year. “The Sensex is trading at 16 times P/E, but corporate India's earnings expansion will play out in 2-3 quarters. The market has to see real economic traction, such as increase in consumption and infrastructure spending, to sustain the rally,” said Khattar.

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