How India’s stock market stacks up against global markets
India went past France to become the world’s sixth-largest stock market as the Sensex crossed 59,000 for the first time on Thursday. The country’s equity market capitalisation—the total market value of all listed companies—rose to $3.44 trillion, leaving France behind at $3.39 trillion. In May, India’s m-cap crossed $3 trillion for the first time. While many markets have been hit by the Delta variant’s spread & concerns over the US Fed winding down asset purchases, Indian equities have surged as retail money has flooded in—more so in absence of other high-yielding investment options. India is the best performer among the top 15 biggest markets in 2021. FPIs have pumped nearly Rs 59,000 cr into Indian equities since January 1 while DIIs have ploughed in Rs 22,600 cr. New listings have helped, adding nearly $65 billion, or Rs 4.5 lakh crore, to India’s m-cap in 2021.
17 Sep, 2021, 11.01 AM IST