India Claims Itself as the World’s Fifth-Largest Stock Market
By Shubhendra Anand , 07 June, 2023
India has again claimed its position in the world's fifth-largest stock market after losing its spot to France in January 2023. The reason behind it being foreign investors have snapped up the Asian nation's shares.
Earlier, India's market capitalization stood at USD 3.3 trillion as of May 29, 2023, which helped to rebound Adani Group's stocks after a seller report of 2023 sparked a rapid selloff. France meanwhile lost more than USD 100 billion in market price in the fourth week of May as the luxury goods makers witnessed a flight amid fears of a slowdown in the U.S. and China. As a result, of a rotation in China's economic recovery, Global funds are piling into Indian stocks, and foreign investors have also added USD 5.7 billion worth of Indian supplies since the very beginning of April 2023, being lured by the stable earnings outlook and highest GDP growth rates among the world's largest economies.
According to the data by Yahoo Finance, S&P BSE Sensex Index has bounced back more than 9 percent after entering correction territory briefly in mid-March by closing in on record high levels. Also, Adani's 10 listed entities contributed around USD 15 billion to their market value in the fourth week of May to cut their losses after Hindenburg's report to USD105 billion from USD 153 billion earlier.
India's Stock Market Capitalization Beats France
Latest News
Globally, the nations are facing downward momentum in their economic activities. The financial condition of advanced economies is declining rapidly in 2024. Surveys suggest that advanced economies are facing economic challenges due to various…
The growing clean energy transition process is forcing companies to make significant decisions regarding the storage of clean energy. Germany's energy market surges in power with necessary steps towards uplifting clean energy. The increasing…
Fast moving consumer goods (FMCG) are the important goods that consumers use in their daily activities. These products are otherwise known as consumer-packaged goods, thus, they include a range of products, such as food and beverages, healthcare…
The energy sector will go through dynamic changes in 2024. This is due to the rapid growth of the clean energy transition in the energy sector. Hence, renewables like wind and solar energy are gaining momentum in the market. However, fossil fuels…
The global economy faces new challenges in 2024 that economically represent both positive and negative aspects. According to survey data, the global economy will stabilize for the first time in three years. The world economy will experience economic…
Head Research