Sensex, Nifty gave more returns than 10 other global markets
Nifty ended steady on Friday as investors booked profits, but posted its third consecutive monthly gain as well as the best quarter in almost three years.
The Nifty advanced 3.3% this month after hitting a record high of 9,218.40 on March 17. For the quarter it rose 12.1%, its best showing since April-June 2014, as reported by Reuters.
On Friday, the Nifty ended flat at 9,173.75, while the benchmark Sensex fell 0.09% to 29,620.50. Both indexes gained 0.7% for the week.
Equity markets have been the most volatile in this financial witnessing a lot of ups and downs. Despite all the turbulance, domestic markets gave maximum returns in one year as against other global indices.
In the current financial year, BSE Sensex gave a return of 15.8%, highest among 10 global indices. In April, 2016, BSE Sensex was trading at 25,606.62 which surged to 29,625.23 in March 2017, giving at return of 15.8% to its investors.
While, NSE Nifty gave a return of 16.8%, again highest among 10 global markets. In April last year, Nifty was trading at 7,849.8 which jumped to 9,173.75 in March, 2017.
Comparing it with other global indices according to Axis Bank research report:
Clearly, Indian indices have given more returns. Lowest return has been given by Japan's Nikkei which was just 0.29%.