BREAKING
Nifty 500 beats Nasdaq and Nikkei with 2.81% dollar return since June
Broad-market Indian equities outperform major global and emerging market peers despite widespread international volatility.
India’s broad-market Nifty 500 index has generated a positive return of 2.81 per cent in US dollar terms since 18 June 2026, outperforming almost all major global and emerging market equity indices over the same period, according to market performance data shared on social media platform X by Samir Arora, founder and fund manager at Helios Capital.
While major global equity markets faced selling pressure and currency adjustments over the five-month span, the Nifty 500 and the US S&P 500 were the only two major benchmarks among eight tracked in the comparison to stay in positive territory.
How Nifty 500 compares with global benchmarks
Data compiled in the comparison shows South Korea's Kospi suffered the steepest drop among global peers, falling 36.1 per cent in US dollar terms. Regional and emerging market indices also experienced double-digit losses, while major US technology stocks pulled back.
| Index | Region | USD Return (%) |
|---|---|---|
| Nifty 500 | India | +2.81% |
| S&P 500 | United States | +1.03% |
| Euro Stoxx 50 | Europe | -2.30% |
| Nasdaq Composite | United States | -4.60% |
| TWSE | Taiwan | -12.80% |
| MSCI Emerging Markets | Global | -13.96% |
| Nikkei 225 | Japan | -14.87% |
| Asia ex-Japan | Asia | -15.10% |
| Kospi | South Korea | -36.10% |
Strong corporate earnings backing the rally
India’s relative outperformance follows a sustained recovery in domestic stock prices. On Monday, the Nifty 500 closed at 23,566.60, completing seven consecutive sessions of gains. That figure represented a 7.6 per cent advance from its 30 October level of 21,895.90, leaving the index approximately 2.4 per cent below its 52-week high of 24,144.
Sectoral data shows financial stocks led the weekly advance with a rise of 7.58 per cent, followed by consumer cyclicals at 5.65 per cent and healthcare at 5.56 per cent.
Underpinning this price momentum is solid earnings growth across Indian boardrooms. By 6 November, 331 Nifty 500 companies had published their financial results. Among 253 non-financial businesses, median sales grew 21.2 per cent year-on-year, while median earnings before interest, tax, depreciation, and amortisation (EBITDA) expanded 19.8 per cent.
Median profit after tax for these non-financial companies rose 16.5 per cent, with nearly 73 per cent of reporting firms posting higher net profits. Financial companies, including banks, non-banking financial companies (NBFCs), and insurers, recorded median profit growth of 22.9 per cent.
Softer international crude oil prices and investor expectations of potential US-Iran diplomatic progress have also provided macro tailwinds, lowering energy input costs and easing global supply-chain concerns for Indian manufacturers.
What technical analysts are watching next
Domestic benchmark indices ended Monday slightly higher before trading signals pointed to further momentum. The BSE Sensex settled at 81,106.65, up 107.25 points or 0.13 per cent, while the NSE Nifty 50 closed at 25,044.65, gaining 58.25 points or 0.23 per cent. Early signals from the GIFT Nifty placed it around 25,319, indicating a gap-up opening for Wednesday's session.
Technical analysts noted that while momentum remains firmly bullish, short-term indicators suggest indices are approaching overbought territory.
"Nifty managed to sustain above the crucial 25,000 mark and formed a daily candle with a long lower shadow, indicating buying interest at lower levels," said Sachin Gupta, Vice President of Technical Research at Choice Broking. He added that the Daily Relative Strength Index (RSI) stood at 77.88, indicating strong momentum alongside potential overbought conditions.
Vatsal Bhuva, Technical Analyst at LKP Securities, pointed out that despite two sessions of consolidation following a rapid rally, buying on dips remains the preferred strategy among market participants. Support for the Nifty 50 is currently pegged around 24,750 to 24,800, with immediate resistance near 25,200.
Why this matters for investors
For fund managers and domestic institutional investors, the Nifty 500’s outperformance demonstrates the resilience of Indian equity markets during periods of global reallocation. Broad-based market participation—rather than gains concentrated solely in mega-cap stocks—shows that earnings growth is spreading across mid-cap and smaller enterprise segments in India, offsetting international headwinds that have hit export-heavy markets like South Korea and Taiwan.