SPX vs Nifty50 - currency USD

viswaram Updated   
SP:SPX   S&P 500 Index
Nifty was leading SPX all the way till Sep 2022, after which SPX has taken over.

If US markets stay like this, the underperformance in Indian markets will create a spiraling effect.

More money will get taken out by FIIs

Both SPX and Nifty50 are plotted in USD currency. The depreciation in INR will be accounted automatically.
As long as INR is depreciating against USD - Nifty50 can remain elevated. Even if the fundamentals are not in agreement.


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