India among the bottom performing markets for 2016

India among the bottom performing markets for 2016..!

In 2016 (CY16), Brazil (+39%), Russia (+24%), Indonesia (+15%) and the UK (+14%) were the best performers among the key global markets.

China (-12%), Japan (0%)  and India  Sensex (2%) were the bottom performing markets for CY16.

Indian equities are trading at 19.2x FY17E earnings.

All key markets are trading at a discount to India.

However, India’s RoE remains superior to most EMs, an important differentiator for valuation premium. 

Src: BULLS  BEARS - India Valuations Handbook - 20170102-MOSL

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