Indian Stock Market Leads Global Growth in June Quarter of FY 2024-25
Mumbai: Indian stock indices delivered an outstanding performance in the June quarter of FY 2024-25. During the April-June period, the market capitalization of the Indian stock market surged by 13.8%, the highest growth among the world’s top 10 stock markets.
Currently, the Indian equity market ranks as the fifth-largest globally, with a market capitalization of $5 trillion.
In comparison, the market valuation of U.S. markets, the world’s largest, increased by 2.75% to $56 trillion between April and June. Meanwhile, China’s equity market, the second-largest, saw a decline of 5.59%, reducing its capitalization to $8.6 trillion.
Following India, Taiwan and Hong Kong markets experienced growth of 11% and 7.3% respectively, bringing their market valuations to $2.49 trillion and $5.15 trillion.
The United Kingdom’s stock market also saw an increase of 3.3%, reaching a valuation of $3.2 trillion.
Among the top 10 markets, Saudi Arabia’s stock market experienced the largest decline, with a reduction of 8.7% to $2.67 trillion. The French stock market followed, falling by 7.63% to $3.18 trillion, and Japan’s stock market decreased by 6.24% to $6.31 trillion.
The Indian stock market has been on a bullish trend since 2023. Last year, its valuation increased by over 25%. In June alone, both Sensex and Nifty rose by nearly 7%.
