bloomberg For the first time in its history, Indian markets have overtaken the British market in terms of market cap and the world’s sixth-largest stock despite the ongoing Russia-Ukraine conflict and the resulting slump in markets around the world, according to data from The market has become The market cap of the Indian stock market reached $ 3.16674 trillion in Thursday’s trade, while the market cap of the British market is at $ 3.1102 trillion.
Since the start of the fight between Ukraine and Russia in the last month, the market cap of the Indian market has fallen by about $ 357.05 billion, while the British market has seen a decline of $ 410 billion since February 1.
If you look at the other major markets of the world, the US market is the largest stock market in the world with a market cap of $46.01 trillion. After that, China’s market comes at number two with a market cap of $ 11.31 trillion, while Japan is at number three with a market cap of $ 5.78 trillion, Hong Kong with a market cap of $ 5.50 trillion and $ 3.25 trillion market cap. With Saudi Arabia comes at number five.
Saudi Arabia is the second largest crude oil exporting country in the world. Saudi Arabia has made huge gains amid the current geopolitical tensions in crude oil prices, due to which Saudi Arabia’s market cap has also seen a huge increase. In the last 1 month, the market cap of Saudi Arabia has increased by about $ 442 billion.
Let us inform that the markets around the world have seen a good recovery in the last two trading sessions after the Ukrainian President Volodymyr Zelensky indicated a deal with Russia. Apart from this, the market has also got relief from the softening of crude prices.
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If we look at today’s move of Indian markets, before the expiry around 02 pm, the market has slowed down slightly. Nifty has slipped about 250 points from above. Nifty Bank is also now up by only 600 points. Pharma, IT stocks have come under pressure. However, in the early afternoon trade, the market seemed to have a hat-trick of gains. The performance of the BJP in the elections and the softening of crude has filled the market with enthusiasm. Nifty and Sensex have run up 3 per cent so far this week. Today Nifty Bank saw the highest strength of 3 percent. There was also strong buying in the midcaps. Banking-financial has been the fastest in the all-round brilliance of the market. Nifty’s realty, auto and FMCG indices were seen jumping up to three per cent.
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