The April-June quarter performance cards that Indian stock indices have prepared are superb for the June quarter of FY 2024-2025. This translates into a 13.8 per cent surge in market capitalisation by the Indian equity market from April to June in FY 2024-25—the highest jump amongst the top 10 global equity markets.
This has made the Indian equity market the fifth largest in the world, with its market capitalisation touching $5 trillion.
The US stock market, the world's biggest, expanded its market valuation by 2.75 per cent to $56 trillion during this period.
The equity market of China, which happens to be the second-largest in the world, slipped around 5.59 per cent in valuation, thereby reducing its market capitalization to $8.6 trillion.
Post India, the big bouncers were Taiwan and Hong Kong stock markets that surged by 11 per cent and 7.3 per cent respectively to take the bourses' valuations at USD 2.49 trillion and USD 5.15 trillion respectively, respectively.
The stock market surged 3.3 per cent to USD 3.2 trillion in the United Kingdom also.
Of the top 10 markets, Saudi Arabia's bourse was worst hit with its stock market value down by 8.7% to $2.67 trillion. France bourse shed 7.63 percent to $3.18 trillion, while Japanese market ebbed by 6.24 percent to reduce the value to $6.31 trillion.
The year 2023 has taken the Indian equity market on a roar. Notably, the country's market valuation surged above 25 percent in the past one year. Both Sensex and Nifty indices also rose around 7 percent each during June.
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