India's m-cap tops $5 trillion, climbs back into global top six
Mumbai: India's total market capitalisation climbed back above the $5 trillion mark, reclaiming the sixth spot globally, helped by a rebound in equities following the
Mumbai: India's total market capitalisation climbed back above the $5 trillion mark, reclaiming the sixth spot globally, helped by a rebound in equities following the US-Iran peace deal. The country's stock market value stood at a little over $5 trillion ($5003.43 billion) on Wednesday, up from $4.86 trillion ($ 4864.90 billion) on February 12, just before Washington and Tehran agreed to end the conflict that could lead to the reopening of the Strait of Hormuz.The US, China, Japan, Hong Kong and Taiwan are the markets ahead of India in market size.India on Wednesday retook the sixth position from South Korea, whose market cap, in early June, had crossed $5 trillion, overtaking Dalal Street's powered by the sharp surge in its AI-related stocks.A week earlier, Taiwan, Asia's other AI heavyweight, had pipped India as the fifth biggest market in stock market value.
The island nation's market capitalisation stood at $ 5.15 trillion ($5155.62 billion) on Wednesday. 131814864Taiwan and South Korea have recorded the sharpest gains in market capitalisation across Asia in 2026, driven by strong global investor demand for AI-linked companies with deep semiconductor
capabilities and manufacturing strength.In contrast, foreign portfolio investors have been paring exposure to Indian equities since October 2024, weighed down by the lack of core AI plays, relatively slower earnings growth and richer valuations compared with regional peers.Taiwan's surge has been largely
powered by Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest chip foundry, which now accounts for more than 42% of the Taiex, highlighting the market's concentration risk. In South Korea, gains have been led by semiconductor heavyweights Samsung Electronics and SK Hynix.
The BriefWire