August 1, 2024
1 min read

India Leads with $5.5T Market Cap

The US is the world’s largest stock market with a market cap of 57.28 trillion dollars…reports Asian Lite News

India is the best-performing stock market among the top five globally, and it delivered over 25 per cent return (in terms of market cap) from the beginning of 2024.

Due to a stellar rally, the total market cap of the Bombay Stock Exchange (BSE) reached Rs 462 lakh crore (over 5.5 trillion dollars) on Wednesday.

During this period, the US stock market surged 13.50 per cent, Hong Kong rallied 4.15 per cent, Japan surged 4.02 per cent, and the China stock market gave a 13.61 per cent negative return.

The US is the world’s largest stock market with a market cap of 57.28 trillion dollars. After this, China is in second position with a market cap of 8.24 trillion dollars, Japan is in third position with a market cap of 6.49 trillion dollars, and India is in fourth position with a market cap of 5.51 trillion dollars. Hong Kong is the world’s fifth-largest stock market with a market cap of 4.92 trillion dollars.

The market capitalisation of the stock market crossed one trillion dollars for the first time on May 28, 2007. After the next 10 years, it reached 2 trillion dollars on July 10, 2017, and after the next four years it reached 3 trillion dollars on May 24, 2021, and then after more than two years, it reached 4 trillion dollars on November 30, 2023, and in the next six months, the 5 trillion dollars mark was crossed on May 24, 2024.

The meteoric rise in the Indian stock market is due to the strong performance of the GDP. In the financial year 2023-24, GDP grew at the rate of 8.2 per cent and the Economic Survey reported that GDP may grow at the rate of 7 per cent in the financial year 2024-25.

ALSO READ: Sensex Trades Up on Positive Cues

Previous Story

Xi Works to Ensure ‘Forever Wars’ in Ukraine, Gaza

Next Story

India’s Smart Home Market Set to Soar

Latest from Business

India Hits 100GW Solar

The expansion is not only in scale but also in quality, with significant capacity dedicated to high-efficiency modules. Many manufacturers have adopted vertically integrated operations, enhancing quality, reducing costs, and improving resilience

Jewellery Exports Shine Bright

The GJEPC noted that product diversification has played a major role in sustaining momentum. Lightweight and contemporary designs are gaining traction among younger global consumers, helping Indian jewellers appeal to a wider

China Curbs Hit India’s Electronics Boom

The ICEA noted this results in delays, inefficiencies, and higher costs — alternatives from Japan or Korea cost up to four times more than Chinese machinery. India’s transformation into a global electronics

India Maps 8.52 MT Rare Earth Reserves

The Atomic Minerals Directorate for Exploration and Research (AMD) and the Geological Survey of India (GSI) are actively exploring and augmenting rare earth resources, while the GSI alone has added 482.6 million

‘India’s Digital Hub Ascends’

The event also featured discussions on the Quad Partnership for Cable Connectivity and Resilience, reiterating commitments made during the July 1 Quad Foreign Ministers’ Meeting India’s growing role as a key digital
Go toTop

Don't Miss

‘India Outpaces China’s Growth Trajectory’

India’s GDP growth exceeded China’s annually for the past few

Gurudwara Celebrates Women’s Day

Guru Nanak Darbar Gurudwara Dubai Celebrates Sikh and International Women’s