S&P500 vs Nifty50 vs USDINR upto 31st Oct 2023This year, SPX is up 8.84% compared to Nifty50 up 4%. Nifty50 is plotted in USD currency so that the comparison makes more sense.
If you also look at the price actions, both the charts are showing good correlation. It will be interesting to find out how Nifty50 will close the 4.84% gap.
USDINR is up 0.59% year to date.
Sp500analysis
SPX vs Nifty50 - currency USDNifty 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.