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viswaram

SPX vs Nifty50 - currency USD

S&P 500 Index (SP:SPX)  
viswaram Updated   
SP:SPX   S&P 500 Index
Chart Patterns S&P 500 (SPX500) SPX (S&P 500 Index) sp500index sp500analysis niftytrend nifty50
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chartpattern spx500 spx sp500index sp500analysis niftytrend nifty50
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


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

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