Nifty 500 Gains as Asian Indices Slide
A performance comparison posted by Samir Arora shows Indian equities rising in US dollar terms while several major global indices declined.
Updated on Nov. 10, 2026 in Investing
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Samir Arora posted a comparison showing the Nifty 500 gained 2.81 per cent in US dollar terms since June 18, 2026. Eight global indices, including the KOSPI, Nikkei 225, and Nasdaq Composite, recorded declines over the same period.
Why it matters
The divergence highlights how returns in local currency terms can differ sharply from dollar-denominated performance across markets. Investors comparing regional indices over the same window are seeing markedly different outcomes.
Dollar-denominated returns since June 18, 2026 show the Nifty 500 up 2.81%, while South Korea's KOSPI fell 36.1% and the MSCI Emerging Markets index fell 13.96%. The post does not identify the causes of these moves or whether they will persist.
The players
Samir Arora
Samir Arora is an Indian fund manager and investor known for commentary on emerging-market equities.
The details
Arora's post compared eight global indices against the Nifty 500 using US dollar returns from June 18, 2026. Six of the eight indices recorded negative returns over the period, with the steepest declines in South Korea and across the broader Asia ex-Japan region.
Timeline
June 18, 2026: Start of the performance measurement period for the compared indices.
November 10, 2026: Arora's performance comparison was published.
Market Dynamics
The MSCI Emerging Markets index fell 13.96% in US dollar terms over the period, while the Nifty 500 posted a gain. This divergence places Indian equities against a broader emerging-market decline that affected most of the compared Asian indices.
Investors holding emerging-market or Asia-focused funds may see returns differ substantially from US benchmarks over the same period. Reviewing dollar-denominated performance alongside local-currency returns helps clarify where gains and losses are coming from.
The takeaway
Comparing indices in a single currency reveals performance gaps that local-currency charts can obscure. Checking returns across regions over identical dates gives a clearer view of relative market behavior.
Further reading
Explore more on Investing to see how global index returns are tracked and compared.
Source note: This article includes information reported by ET NOW.
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