India overtakes Taiwan to become world’s fifth-largest stock market after $640-billion rebound
Foreign investor buying, stronger corporate earnings and falling crude prices have helped reverse months of pressure on Indian equities
India has reclaimed its position as the world's fifth-largest stock market, surpassing Taiwan with a $640 billion rebound in its listed equities. The market capitalisation has risen to $5.4 trillion, driven by a surge in domestic shares and a shift in foreign investment flows. While the United States, China, Japan, and Hong Kong remain the larger markets, India's market capitalisation has increased by around $640 billion since late October.
The Nifty 50 and Sensex indices have also reached new highs, reflecting the positive sentiment in the Indian stock market.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Why India and Pakistan's stock markets are rallying after the US midterms channelnewsasia.com
