New Delhi, Jan. 4 -- Though the Indian stock market posted double-digit gains in 2025, extending its bull run to a tenth straight year, returns were far lower compared with other global and Asian peers. The market was weighed down by foreign outflows, a weakening rupee, and concerns over a potential trade deal with the US, making Indian stocks among the most vulnerable to global shocks.

The underperformance also led to a decline in India's share of global market capitalisation, as Asian peers occupied a larger portion of the pie, outperforming their Western counterparts amid a rapid rise in demand for AI- and chip-related stocks.

India's share of global market capitalisation improved in September and November but eased in December, as f...