Nifty’s down 4% for the year (counting from the Dec 31, 2012 close of about 5900) and is among the worst performers of the year. Shanghai (China) and Hang Seng (Hong Kong) are worse, with Nikkei the way outperformer.
But India’s doing well among the BRIC nations: 
And just for completeness, here’s Asia:
For the first quarter, Nifty was the worst performer of the lot; the world caught up with us later. This is going to be a fun year.
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