Bulls & Bears - Pain Continues; Steepest Decline Since March 2020: Motilal Oswal

Bulls & Bears - Pain Continues; Steepest Decline Since March 2020: Motilal Oswal

Miniature models of a bull and a bear stand on paper displaying stock figures. (Source: pxhere)

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Motilal Oswal Report

The Nifty slid 4.8% month-on-month in June 2022 after a 3% fall in May 2022. The market closed in the red for the third consecutive month and notched the steepest month-on-month decline since March 2020.

Barring China (up 7% moth-on-month), June 2022 saw key global markets such as Korea (down 13%), Taiwan (down 12%), Brazil (down 12%), the U.S. (down 8%), MSCI emerging market (down 7%), the UK (down 6%), India (down 5%), Indonesia (down 3%), Japan (down 3%), and Russia (down 3%) end lower in local currency terms.

Over the last 12 months, MSCI India (flat) has outperformed MSCI EM (down 27%). Over the last 10 years, it has outperformed MSCI EM by 163%. In price/earning terms, MSCI India is trading at an 104% premium to MSCI EM, above its historical average of 61%.

Click on the attachment to read the full report:

Motilal Oswal Bulls and Bears India Valuations Handbook.pdf
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