After US & China, India best on equity charts since May 2014

After the US and China, India is the third-best performer in global equity markets in dollar terms since Narendra Modi became the Prime Minister in May 2014. The NSE Nifty rallied 56 per cent since, while the Nasdaq and China’s Shanghai Composite gained 81 per cent and 70 per cent, respectively. Over the last four years, since the government came to power, the Indian stock market, especially the mid- and small-cap stocks, had a dream run, though there have been some disappointments in between. Currently, the market is trading at all-time highs. However, a recurrence of the Sensex’s record 169 per cent rally during the UPA I government between May 2004 and May 2009 remains a distance dream for investors.