At 13.8% gains, India best-performing stock market since June lows

Most global markets have bounced off their multi-months lows made in June as inflation concerns eased and expectations of fewer rate hikes from the US Federal Reserve (Fed) helped cool off bond yields and improve portfolio flows.

However, the performance of Indian markets stands apart.

The benchmark Nifty50 Index has gained the most among major global markets, soaring 13.8 per cent since June 17, when it had dropped to its lowest levels in 13 months.

In dollar terms, however, the US gained the most at 12.8 per cent. All major global currencies have weakened against the greenback in recent months.

Risky assets had seen