Top Ten Equity Markets India's Market Cap Growth Highest in 2023

Mumbai: The Indian equities market has outperformed the world's top ten markets in terms of returns so far this year. Supported by strong inflows from Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (FPIs), Indian equities have grown by 24.80 percent in 2023 over 2022. Despite high interest rates, geopolitical tensions and volatility in crude oil prices, the market cap of Indian equities has gone up. It has increased by 24.80 percent compared to the year and has crossed 4.16 trillion dollars.

Indian equities have seen a steady rise over the past five years. According to the data obtained, benchmark indices Sensex and Nifty50 have seen an increase of 17.50 percent and 18.50 percent respectively in the current year. While BSE midcap and smallcap have seen growth of 43 percent and 46 percent respectively.

After India, in terms of increase in market cap, American markets have been ranked second with 22.60 percent, while France has been ranked third with 14 percent. Apart from this, Saudi Arabia, Germany, Japan, Canada and UK have also provided positive returns. However, the market cap of China and Hong Kong has decreased by 9.58 percent and 12.60 percent respectively.

The market cap of the American market has increased to 50.35 trillion dollars, while the market cap of China has decreased to 10.57 trillion dollars. In addition to stability in interest rates in the US, resilience in the job market has supported the market. In the current year, Dow Jones has seen a growth of 12.80 percent.

China's benchmark equity index Shanghai Composite has fallen 5.70 percent in 2023 due to weakness in the economy and a slump in the property market.

Equities have seen positive returns as a result of strength in the Indian economy. India's share in the global market cap, which was 3.40 percent in 2022, has increased to 3.77 percent in the current year.

Equity market cap position of top ten countries

the country	Fluctuation (in Percent)	MarketCap (in Dollars)
India	24.46 percent increase	04.16 trillion dollars
America	22.61 percent increase	50.35 trillion dollars
France	14.04 percent increase	03.27 trillion dollars
Saudi	13.90 percent increase	02.97 trillion dollars
Germany	12.50 percent increase	02.39 trillion dollars
Japan	11.80 percent increase	06.09 trillion dollars
Canada	07.04 percent increase	02.89 trillion dollars
UK	05.30 percent increase	03.07 trillion dollars
China	09.60 percent decrease	10.55 trillion dollars
Hong Kong	12.60 percent decrease	04.56 trillion dollars