Mumbai, Dec. 19 -- Domestic stock markets have recorded their worst relative performance in nearly three decades in the emerging market space so far in 2025, according to a report by global brokerage firm Jefferies.

According to the report, Indian equities have significantly underperformed their Asian and emerging market peers this year.

The MSCI India index is up only 2.2 per cent in US dollar terms on a total-return basis year-to-date. In sharp contrast, the MSCI AC Asia Pacific ex-Japan index has gained 25.9 per cent, while the MSCI Emerging Markets index has risen 29.9 per cent during the same period.

It stated "Indian stock market has suffered its worst relative performance in 30 years so far in 2025 in both an Asian and emerging ...