Top five stock markets in the world (market capitalisation) The Indian stock market has performed the best with a return of more than 25 percent since the beginning of 2024. While the US stock market has given a return of 13.50 percent, Hong Kong 4.15 percent, Japan 4.02 percent and China minus 13.61 percent. The upward trend continues in the Indian stock market. Buying is being seen in large caps, small and medium stocks. Due to this, the total market cap of the Bombay Stock Exchange (BSE) has increased to Rs 462 lakh crore (more than $ 5.5 trillion).
In 2007 it crossed the one trillion dollar mark
Earlier, on May 24, 2024, the market capitalization of the Indian stock market crossed $5 trillion. The market capitalization of the stock market crossed one trillion dollars for the first time on May 28, 2007. At the same time, after the next 10 years, on July 10, 2017, it crossed $2 trillion and after the next four years, on May 24, 2021, it crossed $3 trillion and then after more than two years, on November 30, 2023, it crossed $4 trillion and in the next six months, on May 24, 2024, it crossed the $5 trillion mark.
US markets remain on top
At present, America is the world’s largest stock market with a market cap of $57.28 trillion. After this, China is at second place with a market cap of $8.24 trillion, Japan with a market cap of $6.49 trillion and India is the fourth largest stock market in the world with a market cap of $5.51 trillion. Hong Kong’s stock market is at the fifth place, whose market cap has reached $4.92 trillion.
Why does the Indian market continue to rise?
The biggest reason behind the rise in the Indian stock market is said to be the strengthening of the economy. GDP grew at the rate of 8.2 percent in the financial year 2023-24 and the Economic Survey presented before the General Budget 2024-25 stated that GDP could grow at the rate of 7 percent in the financial year 2024-25.
Input: IANS
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