India Business News: India's weightage on the MSCI Global Standard (Emerging Markets) index has reached a record high of 18.2%. This increase is attributed to various factors including India's implementation of foreign ownership limits, strong domestic equities, and underperformance of other emerging markets.
Vietnam has built strong credibility by enabling a stable macroeconomic environment, high GDP growth, and low inflation, as well as fiscal prudence with one of the lowest Government debt-to-GDP ratios in the world.
Dubai authorities are now focused on improving market breadth and liquidity with a market maker fund and a Dh1 billion fund to encourage technology companies to list.
Read more about Indian indices lag most global peers: Sensex has declined 5.8% in April on Business Standard. This is a sharp reversal in fortunes as till mid-February India was among the best-performing markets, with returns in excess of 10 per cent
Domestic stocks dropped on Monday following the imposition of strict restrictions in Maharashtra to contain the spread of Covid-19 infections, with investors fearing that the resurgence in virus cases could dent the economy recovery and hurt corporate earnings. The benchmark Sensex fell as much as 1,449 points, or 2.9 per cent, in intra-day trade. The index settled at 49,159, logging a loss of 870 points, or 1.7 per cent. The Nifty 50 index closed at 14,638, down 229 points, or 1.5 per cent. Both the indices fell the most since March 24. The rupee weakened 18 paise against the dollar to end at 73.29. “The semi-lockdown by the Maharashtra government has made investors nervous,” said Jyoti Jaipuria, founder, Valentis Advisors.