Indian stock market overtakes France; becomes sixth biggest

[Black Tornado]

Indian stock market overtakes France; becomes sixth biggest

India is now the world’s sixth-biggest stock market, overtaking France for the first time in market capitalization, with the benchmark Sensex surging more than 23% this year.


India’s market cap stood at $3.4055 trillion on Tuesday against $3.4023 trillion in France, according to Bloomberg data. India posted the biggest gain in market value this year, adding more than $873.4 billion or a rise of 35% from $2.52 trillion on 31 December 2020. Since the March 2020 low, India added nearly $2.08 trillion market cap or a 159% gain. In 2020, it added a $373 billion market cap or gains of 17.4% from $2.14 trillion.

Indian stock market overtakes France; becomes sixth biggest

India’s market capitalization stood at $3.4055 trillion against $3.4023 trillion in France.US stock market is the world’s most valued with an m-cap of $51.30 trillion followed by China ($12.42 trillion), Japan ($7.43 trillion) and Hong Kong ($6.52 trillion)

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@Chhatrapati @koolzberg @VkdIndian

 

[Chhatrapati]

Honestly, I don't like it. It's now more than 100% of our GDP. Although the correlation between the two is irrelevant, the appearance of it is a bit uncomfortable for investors. Everyone is expecting a course correction and hopefully it doesn't come any sooner *fingers crossed*

 

[Jugger]

I want the Sensex to reach 100k.
Love it…!!!

Believe in India mate. With good education, English language and entrepreneurial skills india is poised to be world no 3 behind China and USA.
No doubt about it..!!

 

[Chhatrapati]

I want the Sensex to reach 100k.
Love it…!!!

It'll be an anomaly and a case study. Much like the Byju's, it's an edtech bubble generating investment instead of major revenue.

 

[Kuru]

World's Stock Markes By Market Cap

USA - $51 Trillion
China - $12 Trillion
Japan - $7 Trillion
Hong Kong - $6 Trillion
UK - $3.6 Trillion
India - $3.41 Trillion
France - $3.4 Trillion

 

[Black Tornado]

Honestly, I don't like it. It's now more than 100% of our GDP. Although the correlation between the two is irrelevant, the appearance of it is a bit uncomfortable for investors. Everyone is expecting a course correction and hopefully it doesn't come any sooner *fingers crossed*

How so? Stock market growth is a good thing, it’s almost 200% in case of USA.

 

[lightoftruth]

I want the Sensex to reach 100k.
Love it…!!!

Believe in India mate. With good education, English language and entrepreneurial skills india is poised to be world no 3 behind China and USA.
No doubt about it..!!

No 3 by 2030*

 

[pikkuboss]

World's Stock Markes By Market Cap

USA - $51 Trillion
China - $12 Trillion
Japan - $7 Trillion
Hong Kong - $6 Trillion
UK - $3.6 Trillion
India - $3.41 Trillion
France - $3.4 Trillion

I think number 5 achievable before Diwali.

 

[Raj-Hindustani]

Good Going..

 

[Black Tornado]

I think number 5 achievable before Diwali.

Most of Indians don’t know about stock markets and stuff, still it’s 100%+ Wonder Why does China’s Market cap is low even if we include HongKong. I expected it to be 30 Trillion.

 

[pikkuboss]

Most of Indians don’t know about stock markets and stuff, still it’s 100%+ Wonder Why does China’s Market cap is low even if we include HongKong. I expected it to be 30 Trillion.

Because of CCP intervention. CCP regularly cuts down the wings of any company trying to fly high.

 

[Chhatrapati]

How so? Stock market growth is a good thing, it’s almost 200% in case of USA.

Well, in the US case it's justifiable. It's no surprise they have around 122 of the fortune 500. And as I mentioned, there is no direct correlation between Market Cap and GDP. But in stocks, sentiments play a key role. Observers are expecting a course correction.

 

[jamahir]

Nonsense news. The concept of stock market should be abolished. Gambling cannot be allowed.

 

[Chhatrapati]

^^ I was expecting the commie to make the exact post. LOL! Never cease to amaze.

 

[MH.Yang]

Most of Indians don’t know about stock markets and stuff, still it’s 100%+ Wonder Why does China’s Market cap is low even if we include HongKong. I expected it to be 30 Trillion.

The Chinese govt doesn't like blow bubbles.