As global bourses close for the year, 2025 has emerged as a tale of two markets. Wall Street and European indices are ending at record highs, with the S&P 500 hovering near 7,000. In contrast, India’s Sensex and Nifty50 have concluded as the world’s worst-performing major indices in dollar terms, delivering returns of just 4–5%. Analysts cite a “missing year” for Indian earnings, currency depreciation, and a massive $18 billion outflow by foreign investors who pivoted toward AI-driven rallies in South Korea and the U.S.
