Why Indian investors gained more from US markets than domestic equities in FY26

US stocks delivered strong double-digit returns in FY26, significantly outperforming Indian markets. This performance was amplified by the Indian rupee's depreciation against the US dollar. The Nifty50 declined, while the S&P 500 saw substantial gains in rupee terms. This divergence underscores the critical need for global diversification in investment portfolios.