India’s stock market has now become the seventh largest stock market in the world. The Indian stock market has risen three places due to the increase in the total market valuation of listed companies. The total market capitalization of listed companies on the Indian stock market rose to $ 2.7 trillion on Friday. It has increased further on Monday.
The Bombay Stock Exchange Sensitive Index Sensex closed above 51,300 on Monday and the National Stock Exchange index Nifty crossed 15,100. The market capitalization of listed companies on BSE has increased to Rs 2,02,82,798.08 crore on Monday.
India’s stock market has now grown from the market share of Canada, Germany and Saudi Arabia. Soon it could overtake France to become the sixth largest stock market in the world. The total market capitalization of listed companies on the French stock market is currently around $ 2.86 trillion. In the year 2021, India’s stock market has been the second best performing stock market among the top 15 countries so far.
After nearly 11 months, India’s stock market has overtaken Canada, which is now the eighth largest market share by market valuation. Germany’s stock market, Europe’s largest economy, has a market valuation of $ 2.53 trillion. According to reports, France and the UK are the only two countries in Europe among the top-7 markets.
Foreign portfolio investors (FPIs) have invested more than $ 4 billion in Indian stock markets since January 1. Thus, India is the second country after emerging markets Brazil to have the best FPI investment. The performance of emerging markets has improved in the last few months due to weakness in the US Dollar.
Experts say that India is among the best-performing markets due to the rapid recovery in domestic demand following the outbreak of the Kovid-19 epidemic and the government’s focus on the revival of the economy. According to the latest IMF estimates, India’s GDP will grow at 11.5 per cent in FY 2022 and 6.8 per cent in FY 2023.