London-listed Indian companies beat FTSE 100 in the first quarter

INDIAN firms listed on London’s Aim index outperformed the FTSE 100 and Bombay’s Sensex in the first quarter, according to new research.

They rose 26 per cent according to corporate research firm Hardman, compared to a gain of 3.6 per cent in the FTSE 100 and a rise of 12.6 per cent in the Sensex.

“As far as British investors are concerned, India’s Aim companies are being recognised as an easy way to get exposure to India’s rapidly growing economy, without the complications of trading in an overseas stock market,” Hardman said.

There were, however, no new initial public offerings of Indian companies on Aim in the quarter.