India created history again! Becomes world’s 5th largest stock market, defeating Taiwan and South Korea

India 5th Largest Stock Market Ranking: A very big and proud news is coming out for India from the platform of Global Stock Market. Amidst the turmoil in the markets around the world, the Indian stock market has once again proved its strength. After a long-term record-breaking historical boom in the Artificial Intelligence (AI) and semiconductor sectors, now global investors have booked profits in these sectors.

The biggest and direct losses from this huge profit-booking have been suffered by countries like Taiwan and South Korea, whose stock markets witnessed a sharp decline and they slipped down in the rankings. Taking advantage of this, India has once again achieved the distinction of being the fifth largest stock market in the world in the global market cap ranking. Let us tell you that before this the Indian market had slipped for some time and reached the seventh position.

Know what is the market cap of which country, how did India win?

According to the latest data, the total market cap of the Indian stock market has currently increased to a very strong level of $5.05 trillion. On the other hand, Taiwan and South Korea have now fallen to the sixth and seventh positions with a market cap of $4.97 trillion and $4.66 trillion respectively. This means that the market cap of both these big Asian countries has now fallen below the magical figure of $5 trillion.

If we talk about the top countries of the world, then in this list the superpower America is firmly established at the first position with a huge market cap of $79.6 trillion. After this, China is at second place ($15.23 trillion), Japan at third ($8.59 trillion) and Hong Kong at fourth place ($6.61 trillion). India is now getting very close to overtaking Hong Kong.

The performance of the Indian stock market was much better than the global market.

So far in the month of June, the performance of the global equity market has been quite sluggish and disappointing as expected, but on the contrary, the Indian stock market has surprised the world and performed brilliantly. Globally, investors thought it better to make profits by selling their stakes in fast-moving technology and semiconductor stocks, which put pressure on foreign markets. Meanwhile, the movement of oil tankers through the Strait of Hormuz started more smoothly than before, due to which there was a significant fall in the prices of crude oil in the international market. The cheapening of crude oil proved to be a booster dose for the Indian economy and stock market.

Sensex and Nifty ran strongly in the month of June

If we look at the data so far in the month of June, in terms of dollar value, India’s main indices Sensex and Nifty have registered a very strong increase of 3.8 percent and 2.8 percent respectively. Not only big stocks, but also small and medium stocks have investors’ silver. During this period, a bumper rise of 1.3 percent has been seen in BSE MidCap 150 index and 4.4 percent in BSE SmallCap 250 index.

Indian market boomed, rest of the world was in bad shape

During the entire month of June, while India’s total market cap grew at a pace of 2.75 percent, on the other hand, there was a huge decline of 4.7 percent in the market cap of South Korea and 2.3 percent in the market cap of Taiwan. If we talk about the world’s two largest markets, America and China, this month there was a lot of stagnation in the growth of their market cap.

Talking about the markets of other countries, Japan’s market cap declined by 1.06 percent this month, while Hong Kong’s market cap fell by 8.3 percent. The condition of European and other Western markets also remained poor; There has been a huge decline of 3.1 percent in the market cap of Canada, 1.9 percent in the UK (Britain), 1.1 percent in France and 5.6 percent in the market cap of Germany.

Amidst flat gift Nifty, these stocks will be under close attention today

Talking about today’s trading session, a mixed trend can be seen in the Indian stock market amid the signals of flat Gift Nifty. In today’s market, investors and traders will keep a close eye on the stocks of big companies like Kotak Mahindra Bank, BEML and Adani Green, because some big movement can be seen in these stocks today.

(Disclaimer: Here only the latest data and performance of the stock market is given, it should not be considered as investment advice in any way. Investing in the stock market is completely subject to market risks, hence before making any investment, please consult your financial advisor or a certified investment advisor.)