Indian stock market has once again secured the fifth position in the world.

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The Indian stock market has again secured the fifth position globally in terms of market capitalisation. They had lost the series against France in January. This was due to the sharp fall in the Adani Group’s shares leading to a sharp fall in the market capitalization of the country.

However, on Monday the market cap of the Indian market was seen at $3.5 trillion. Shares of Adani Group saw a sharp jump in market cap last week due to foreign institutional buying. On the other hand, the French stock market lost $100 billion in market capitalization. Due to which he had to lose the fifth rank. In contrast to the weak economic recovery in China, India’s GDP growth has been good, and FIIs bought over $4 billion in May. They also showed net purchases in March and April. In calendar 2023, they have made over $3 billion in purchases so far. Christopher Wood, strategist at Jefferies Financial Group, said last week that the Sensex would touch the one lakh mark in the next five years. The Indian benchmark rallied 9 per cent after a sharp fall in March. The benchmarks are currently trading near their all-time highs. Shares of Adani Group posted their biggest gain in four months last week. Behind which the market cap is Rs. An increase of more than one lakh crore was registered.