India again ranks fifth in terms of Mcap, leaving behind Taiwan, South Korea
India has regained the fifth position in global market cap as crude oil prices fall and Taiwan-South Korea markets correct. The Indian market has strengthened with a market cap of $5.05 trillion in Mumbai. Indian market cap increased by 2.75% in June, which is attributed to the activeness of foreign investors and the peaceful atmosphere in West Asia.
NEWS
Sentimen investor meutamah get di India kareuna yum minyeuk manyang rhet
Mumbai: India ka meurumpok lom posisi keu limong lam cap pasai global lagee pasai Taiwan ngon Korea Selatan nyang beutoi. Koreksi di pasai Taiwan ngon Korea Selatan ka mulai bak awai minggu nyoe kareuna investor ka mulai ji booking laba.
Cap pasai Taiwan ngon Korea Selatan baroe-baroe nyoe naek ateuh rekor keuntungan saham lam sektor kecerdasan buatan (AI) ngon semikonduktor.
Taiwan and South Korea's market cap has slipped below $5 trillion, reaching sixth and seventh place respectively. While India's rank has remained fifth with $5.05 trillion.
Taiwan's market cap has come down to $4.97 trillion and South Korea's to $4.66 trillion.
The top four in terms of global market cap are the US, China, Japan and Hong Kong respectively. The US's market cap is $79.26 trillion while China's is $15.23 trillion.
Global market cap performance has been weak in the current month, while India's market cap has seen an increase, according to the data received.
India's market cap has increased by 2.75 percent in June, while South Korea's market cap has decreased by 4.70 percent and Taiwan's market cap has decreased by 2.30 percent.
India's equity market has seen an improvement in the current month due to a sharp decline in crude oil prices.
Apart from this, experts believe that the situation is becoming favorable for India due to the activity of foreign investors and the cooling of the West Asian conflict.
The recent steps announced by the Reserve Bank and the government toattract foreign investment have also improved the sentiment.