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Why did Indian equities underperform global markets in 2025?

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Why did Indian equities underperform global markets in 2025?

India’s equity indices closed 2025 with single-digit gains, lagging the strong rallies that swept across global markets. The Nifty climbed just over 10% and the Sensex added 9%, as against Korea’s 75% gains and Brazil’s 34% upmove.

India Misses Global Equity Surge, Select Sectors ShineAgencies

Among sectors, public sector banks and metals led the winners, delivering returns of 30% and 29% respectively, while consumer-facing sectors and technology bore the brunt of the sell-off.

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