New Delhi, Sept. 28 -- Should your portfolio be entirely dependent on India? Looking at the Indian stock market's performance over the last two years, the answer would be a resounding no.

On 27 September 2024, equity benchmark Nifty 50 was at 26,179. On 28 September 2026, the index ended at 22,780. Thus, the index is down 13% over the last two years.

On 5 January this year, it hit an all-time high of 26,373, but failed to hold altitude. From the record high, the Nifty is down nearly 14%, while year-to-date, it has shed 13%.

Increased geopolitical risks, US tariff-related uncertainties, and foreign capital outflows amid a lack of AI play in India can largely be attributed to the domestic market's subdued performance.

A deeper look reve...