Business

India Moves To 5th Place In Global Stock Exchange Rankings, Trading Volume Exceeds $3.31 Trillion

India regained its position as the world’s fifth-largest market after a broad rally in domestic stocks. This comes after they temporarily lost qualification to France in January. Strong developments in the Indian stock market contributed to the rise in this ranking.

India’s local stock market has risen since March 28 as buying by foreign investors continues as India’s macroeconomic conditions improve. Sensex and Nifty were up nearly 10%, while BSE mid- and small-cap stocks were up nearly 15%. BSE Bankrex is up nearly 13%.

Foreign investors have bought about $6.3 billion worth of domestic stocks in the past two months. India’s market capitalization is $3.31 trillion.

It currently ranks 5th out of the 10 highest rated countries. Since the beginning of the year, its market capitalization has increased by nearly $330 billion.

By comparison, the United States takes the lead with a market value of $44.54 trillion, followed by China with $10.26 trillion and Japan with $5.68 trillion. Hong Kong ranks fourth with a market capitalization of $5.14 trillion, while France ranks sixth with a market capitalization of $3.24 trillion.

Foreign securities firm Jefferies recently expressed confidence in India’s ongoing structural history, believing it was only a matter of time before the BSE indicator, Sensex, would surpass the staggering 100,000 marking. This goal captures the allure of India’s vibrant financial media environment. Jefferies’ guidance assumes earnings per share (EPS) growth of 15% over five years and a one-year average price-earnings ratio (PE) of 19.8.

Investors are now eagerly awaiting the release of March quarter gross domestic product (GDP) data, which is due to be released on May 31st. The data is expected to provide further insight into the state of the Indian economy and may influence market sentiment and investment decisions.

Bharat Express English

Recent Posts

Counting Underway For 2024 Assembly Elections In Maharashtra & Jharkhand; Bypolls Across 15 States

The counting of votes for the 2024 Assembly Elections in Maharashtra and Jharkhand, alongside bypolls…

36 seconds ago

Jharkhand Results 2024: Key Seats To Watch As BJP And JMM Brace For Battle

This election witnessed a record voter turnout of 67.74%, the highest since the state’s formation…

29 mins ago

Maharashtra Result 2024: 49 Assembly Seats To Decide ‘Real’ Shiv Sena

The competition is especially significant after the rebellion led by Eknath Shinde’s faction, which managed…

30 mins ago

Maharashtra Results 2024: Counting Of Votes Kicks Off With Tight Security

Counting begins at 8 AM with postal ballots, followed by EVM votes at 8:30 am…

31 mins ago

‘In Kabul, A Cat Has More Freedom Than A Woman’: Revisiting Women’s Struggles Under The Taliban

The Taliban’s regime has since imposed over 100 laws restricting women's rights, stripping them of…

10 hours ago

PM Modi’s Gifts: A Glimpse Of India’s Cultural Heritage In Global Diplomacy

These gifts to world leaders reflect the diverse traditions, arts, and crafts of India, emphasizing…

13 hours ago