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India's stock market is the second-best performer among the top 15 countries in 2021 and soon it may overtake France to become the sixth biggest in the world.
India's stock market is now the seventh biggest, up three spots, in the world as total market capitalisation increased to $2.7 trillion. The BSE Sensex crossed the 51,000 mark on Friday while the NSE benchmark Nifty crossed the 15,000 level for the first time. Including Friday's gains, the benchmark Nifty has gained 6.9% so far in 2021.
India's stock market is now bigger than Canada, Germany and Saudi Arabia, the Economic Times mentioned in a report. Worth mentioning here is that India's stock market is the second-best performer among the top 15 countries in 2021 and soon it may overtake France to become the sixth biggest in the world. Total market capitalisation of France now stands at $2.86 trillion.
Almost after 11 months, India's stock market edged past Canada, which is now the 8th biggest on the basis of market capitalisation. Europe’s largest economy Germany has a market value of $2.53 trillion. Only two European countries — France and the United Kingdom — are among the top seven markets, the business daily mentioned.
The MSCI India index has gained 21% in the last three months compared to 19% by MSCI Emerging Market and 12% by MSCI World indices.
Foreign portfolio investors have pumped in nearly $4.05 billion in Indian equities since January 1, the second-best inflow among emerging markets after Brazil which saw investments of $4.5 billion during this period. Weakness in the US Dollar has helped emerging markets' performance in recent months.
Analysts say India has been among the better performers also because of a faster recovery in domestic demand after the Covid-19-led disruptions and the government's focus on reviving the economy.
Based on the latest IMF projections, India’s growth will rebound sharply to 11.5% in FY22 and 6.8% in FY23.
https://www.timesnownews.com/busine...ld-as-bse-m-cap-surges-to-2-7-trillion/717342
India's stock market is now the seventh biggest, up three spots, in the world as total market capitalisation increased to $2.7 trillion. The BSE Sensex crossed the 51,000 mark on Friday while the NSE benchmark Nifty crossed the 15,000 level for the first time. Including Friday's gains, the benchmark Nifty has gained 6.9% so far in 2021.
India's stock market is now bigger than Canada, Germany and Saudi Arabia, the Economic Times mentioned in a report. Worth mentioning here is that India's stock market is the second-best performer among the top 15 countries in 2021 and soon it may overtake France to become the sixth biggest in the world. Total market capitalisation of France now stands at $2.86 trillion.
Almost after 11 months, India's stock market edged past Canada, which is now the 8th biggest on the basis of market capitalisation. Europe’s largest economy Germany has a market value of $2.53 trillion. Only two European countries — France and the United Kingdom — are among the top seven markets, the business daily mentioned.
The MSCI India index has gained 21% in the last three months compared to 19% by MSCI Emerging Market and 12% by MSCI World indices.
Foreign portfolio investors have pumped in nearly $4.05 billion in Indian equities since January 1, the second-best inflow among emerging markets after Brazil which saw investments of $4.5 billion during this period. Weakness in the US Dollar has helped emerging markets' performance in recent months.
Analysts say India has been among the better performers also because of a faster recovery in domestic demand after the Covid-19-led disruptions and the government's focus on reviving the economy.
Based on the latest IMF projections, India’s growth will rebound sharply to 11.5% in FY22 and 6.8% in FY23.
https://www.timesnownews.com/busine...ld-as-bse-m-cap-surges-to-2-7-trillion/717342
