Indian Stocks are in a Bull Market

India’s benchmark S & P BSE Sensex closed at 27836 yesterday and is up by 6.6% year-to-date. The index entered the bull market (rise of over 20%) this week. In the past five year the index has gained about 49%. In the last 10 years the index has more than doubled with a return of 137%.

Here is a chart of the five-year return of the BSE Sensex:

Click to enlarge

Sensex 5 years

Source: Yahoo Finance

Among the BRICs, Brazil and Russia have outperformed India and China with the benchmark indices up by over 27% and 28% respectively. The recovery in commodity prices especially has helped Russian stocks while political stability and oil price recovery has benefited Brazil. China is lagging other major emerging markets with the Shanghai Composite Index down 13% so far this year.

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The complete list of Indian ADRs can be found here.

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