The Indian stock market has outperformed its peers in the developed and emerging markets giving the highest returns of as much as 60 per cent in the three months period ended in June, even as it dropped over two per cent last month.
According to Standard & Poor's index services monthly global stock market review, global equity markets after three months of consecutive gains declined 0.58 per cent in June with emerging markets giving negative returns of 1.45 per cent.
Indian stock markets gave the highest returns of as much as 60.6 per cent in the three months period between April to June, despite witnessing a loss of 2.17 per cent in the month of June.
In the three months period, China posted returns of 36 per cent, Brazil (40.12 per cent), Russia (41.54 per cent) and the emerging markets' average return was 36.84 per cent.
In contrast, developed markets gave an average return of just 21.06 per cent in the April to June period with the US gaining 16.51 per cent, UK (25.69 per cent), Singapore (47.23 per cent) and Japan (23.37 per cent) among others.
However, China was the only BRIC country to post a gain of 3.48 per cent in June, as Brazil (-3.98 per cent), India (-2.17 per cent) and Russia (-9.09 per cent) posted losses in the month, the S&P report titled 'World by Number' revealed.
The 'World By Numbers' is a snapshot of the global market, as measured by the S&P Global Equity Indices and seeks to highlight those statistical factors that have impacted market performance over the course of the month.
For the month, 14 emerging markets were among the 21 markets gained, while developed markets declined 0.47 per cent with six of the 25 markets in the black.
"Despite a strong second quarter in which all ten sectors posted double digit returns, June proved a mixed bag for equity markets," says Howard Silverblatt, Senior Index Analyst at Standard & Poor's and author of the report.
Developed markets fared slightly better with a decline of 0.47 per cent in June, thanks in large part to strong performances by Australia (gain of 31.61 per cent), Spain (3.13 per cent) and Japan (2.56 per cent), the report said.
The report pointed out that five sectors generated positive returns whilst an equal number posted a decrease.
"Healthcare and Information Technology continued to fare well, but the Energy and Materials sector losses dragged the market down and contributed strongly to the decline across the month," Silverblatt added.
In June, the best performing sectors were Healthcare and Information Technology with 2.63 per cent and 2.14 per cent increase respectively, while energy was the laggard with a 5.62 per cent decline.
