Indian stock indices gave a stellar performance in the June quarter of current fiscal. During the April-June period, Indian stock market capitalisation increased by 13.8 percent, the highest among the top 10 stock markets. Currently, the Indian equity market is the fifth largest stock market in the world with a market capitalisation of 5 trillion dollars.
Between April and June, the market valuation of US markets, the world’s largest stock market, increased by 2.75 percent to 56 trillion dollars. The valuation of China’s equity market, the world’s second-largest stock market, has declined by 5.59 percent between April and June. The capitalisation of the Chinese stock market has reduced to 8.6 trillion dollars.
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After India, the markets of Taiwan surged by 11 percent and Hong Kong by 7.3 percent between April and June. At the same time, the valuation of the United Kingdom’s stock market has increased by 3.3 percent to 3.2 trillion dollars.
The Indian stock market is witnessing a bullish trend from 2023 onwards. Last year, the valuation of India’s stock market increased by more than 25 percent. In June, both Sensex and Nifty rallied by nearly 7 percent.