June 30th 2024.
In the latest quarter of the financial year 2024-25, Indian stock indices have shown an impressive performance. From April to June, the Indian stock market saw a growth of 13.8%, which is the highest among the top 10 stock markets. As of now, the Indian equity market holds the fifth position in the global stock market with a market capitalisation of $5 trillion.
During the same period, the US stock market, which is the largest in the world, observed a modest increase of 2.75%, with its market valuation reaching $56 trillion. On the other hand, the Chinese stock market, which holds the second position, faced a decline of 5.59% in its valuation, reducing it to $8.6 trillion.
India's neighbouring markets, Taiwan and Hong Kong, also saw a surge in their stock market valuations, with an increase of 11% and 7.3% respectively. This has led to a rise in their market capitalisations, with Taiwan reaching $2.49 trillion and Hong Kong reaching $5.15 trillion.
Meanwhile, the United Kingdom's stock market valuation saw a growth of 3.3%, reaching $3.2 trillion. However, among the top 10 markets, Saudi Arabia's stock market faced the biggest decline of 8.7%, with its valuation decreasing to $2.67 trillion. This was followed by France, whose stock market valuation fell by 7.63% to $3.18 trillion, and Japan, whose valuation decreased by 6.24% to $6.31 trillion.
It is worth noting that India's stock market has been on an upward trend since 2023. Last year, its valuation increased by more than 25%, and in June, both Sensex and Nifty saw a rally of almost 7%. This indicates a positive outlook for the Indian stock market in the coming years.
[This article has been trending online recently and has been generated with AI. Your feed is customized.]
[Generative AI is experimental.]
