DelhiDesk India has become the fifth largest equity market in the world in terms of market capitalization after a broad-based rally in the Indian equity market. In January, India had lagged behind France in terms of market capitalization, but the Indian markets have once again picked up pace, leading to an improvement in global ranking. The market cap of the country is currently $3.31 trillion, which is an increase of $330 billion since the beginning of this year. The US tops the list with a market cap of $44.54 trillion, followed by China, Japan, and Hong Kong. The Indian equity market has been seeing a boom since March 28, with buying by international investors continuing due to improving macroeconomic conditions in the country.
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Here is the news bullets sorted by DelhiBreakings.com team.
– India becomes 5th largest equity market in the world
– Market capitalization of Indian equity market is $3.31 trillion
– US tops the list with a market cap of $44.54 trillion
– Foreign investors bought $6.3 billion in Indian equity market in last two months
– Jefferies expresses confidence in Indian market, predicts BSE Sensex crossing 1 lakh mark
– Nifty jumps nearly 10%, BSE Midcap and Smallcap gain about 15%
– Foreign brokerage house Jefferies predicts BSE Sensex crossing 1 lakh mark
– Three changes scheduled for June 1, will affect pockets
– India’s equity market is seeing a boom since March 28
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