India loses Asia-Pacific's best stock market tag to New Zealand
India has lost its tag as Asia-Pacific's best-performing stock market this year to New Zealand. Indian equity benchmark Sensex is up 7.6% since the beginning of this year, compared with the 11% gain in the New Zealand Exchange 50 Gross Index. The Sensex erased nearly half its year-to-date gains led by a sell-off in non-banking finance lenders.