Nifty 50 tails its Asian peers despite premium valuations

India's Nifty 50 might be wearing the crown when it comes to premium valuations in Asia, but its recent performance has been anything but royal.

- Dipti Sharma & Srushti Vaidya

Despite its lofty valuation, the benchmark index of the National Stock Exchange has risen just about 1% over the last three months.

Once regarded as a resilient outperformer in the region, the Nifty 50 has recently lost its edge, slipping into the under-performer bracket and trailing not only its Asian peers, but also several developed markets.