With an increase in market value of 13.77%, India is included in the list of top-10 countries in the world
Ahmedabad: After the mandatory lockdown imposed due to Corona epidemic in the Indian stock market, the bullish horse is being seen in Vin itself. Although the boom ended in a lull from the end of the first quarter of 2022 due to inflation and war, the bulls are back on Dalal Street as the situation recovers due to higher interest rates.
With an increase of 13.77 percent, the June quarter of the Indian equity market in terms of market capitalization has seen the highest increase so far among the world's top 10 countries. Abundant investment from foreign investors and strong macroeconomic conditions have contributed the most to this boom. According to Bloomberg data, India is the fifth largest equity market in the world with a market value of $3.48 trillion. India has recorded the sharpest increase in its total market cap since the December 2020 quarter.
This figure shows that America has seen an increase of 6.38 percent in the market cap in the June quarter with a market cap of 45.90 trillion dollars. China's market cap of $10.02 trillion has registered a decrease of 8.46 percent in the June quarter. In the June quarter, the largest decline in the market cap of the top 10 countries has occurred in China.
The market cap of the Japanese market is $45.90 trillion. Japan's market cap increased by 3.11 percent in the June quarter, but Hong Kong's market capitalization with a market cap of 5.13 trillion saw a decline of 5.19 percent in the June quarter. Similarly, in the June quarter, the market cap of France has also seen a decrease of 1.69 percent, while the market cap of England has seen a slight increase of 0.14 percent.
Saudi Arabia ranked second in the league of 10 major markets in terms of market cap expansion in the June quarter with a growth of 9.5 percent, while Canada's market cap declined by 1 percent.
Markets have been sluggish over the past few quarters amid rising geopolitical tensions in Russia and global central banks starting to hike rates further. Strong institutional buying, good macro economic conditions and robust growth in corporate earnings have lifted the domestic market to new highs.
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