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The Indian stock market is again the fifth largest in the world, which would have pushed France to the sixth position.

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Ahmedabad: Since the beginning of May in India, Sun God has been raining his fury. Although there has been a sudden change in the weather at the end of May, now there is a monsoon atmosphere with cold winds, as well as a boom in the Indian stock market. The Indian market has once again regained the crown of the fifth largest market in the world due to domestic and global reasons.

In the last 15 days, there has been a current in the market due to favoritism from foreign investors and the recent rally in Adani Group and Reliance shares has boosted investor confidence and wealth. The market capitalization of the Indian market has touched $3.31 trillion today. France, on the other hand, saw a loss of $100 billion in its market last week. India has again reached the fifth position in the top 10 markets of the world. India had lost this position to France in January. Actually, due to the recession in China and America, the stock market of France has suffered a lot. Meanwhile, top French companies Louis Vuitton and Vivendi SE had to sell their shares.

China’s slow growth has benefited India’s improving economic recovery. Meanwhile, foreign companies have started shifting their investments to India. Foreign funds have invested around $5.7 billion in the Indian stock market since April. Given India’s income stability and high GDP growth, foreign investors are excited to invest in India.

After a temporary slump in mid-March, the S&P BSE Sensex index climbed over 10 per cent, while BSE Bank climbed 13 per cent and BSE Midcap and Smallcap nearly 15 per cent each. Since the beginning of this year, the market cap of the Indian equity market has increased by $ 330 billion. Adani Group shares also declined after a court-appointed panel found no evidence to support a report by US short-seller Hindenburg Research, leading to a fall in Adani and banking stocks.

The US continues to top the list of top markets in the world with a market cap of $44.54 trillion. Then China is at the second position with a market cap of $10.26 trillion and Japan is at the third position with a market cap of $5.68 trillion. Hong Kong is at the fourth position with a market cap of $5.14 trillion followed by France at the sixth position with a market cap of $3.24 trillion.