India has regained fifth position from seventh position in the global market cap (mcap) ranking. In fact, this was seen after the decline in the markets of Taiwan and South Korea and the rise in the Indian stock market. Investors booked profits rapidly after a prolonged record-breaking boom in the Artificial Intelligence (AI) and semiconductor sectors in Korea and Taiwan. The effect of which was seen very quickly.
India’s market cap currently stands at $5.05 trillion, while Taiwan and South Korea have slipped to sixth and seventh positions with market caps of $4.97 trillion and $4.66 trillion respectively, taking both the markets below the $5 trillion mark. America remains at the top position, followed by China, Japan and Hong Kong. The performance of the global equity market has been weak so far in June, while the Indian market has performed better. Investors continued to book profits in bullish technology and semiconductor stocks, while crude oil prices fell as more tankers began transiting the Strait of Hormuz.
India left other markets behind in June
During the month, India’s market cap increased by 2.75 percent, while the market cap of South Korea and Taiwan declined by 4.7 percent and 2.3 percent respectively. There was no significant change in the world’s largest market by market cap, America, and the second largest market, China, during the month. Japan’s market cap declined by 1.06 percent, while Hong Kong’s market cap declined by 8.3 percent. Canada’s market cap declined by 3.1 percent, UK’s market cap by 1.9 percent, France’s market cap by 1.1 percent and Germany’s market cap declined by 5.6 percent.
India comes back among the top 5 countries of the world in terms of market cap.
| Country | market cap (in trillion dollars) | Returns in the current year (in percentage) | Returns in current month (in percentage) |
| America | 79.26 | 9.86 | 0.01 |
| China | 15.23 | 13.60 | 0.08 |
| Japan | 8.59 | 11.71 | -1.06 |
| hong kong | 6.61 | -9 | -8.30 |
| India | 5.04 | -4.64 | 2.75 |
| taiwan | 4.97 | 52.12 | -2.34 |
| south korea | 4.66 | 73.75 | -4.70 |
| Canada | 4.40 | 4.24 | -3.07 |
| UK | 3.89 | 0.15 | -1.87 |
| France | 3.45 | -4.12 | -1.13 |
| Germany | 2.93 | -5.46 | -5.63 |
How fast is the Indian stock market?
So far this month, India’s Sensex and Nifty in dollar terms have gained 3.8 per cent and 2.8 per cent respectively, while the broader market BSE Midcap 150 index and BSE Smallcap 250 index have gained 1.3 per cent and 4.4 per cent respectively. Experts say that there has been an increase in the Indian market in recent sessions, which is due to the huge fall in global crude oil prices and improving valuations. Nifty’s price-to-earnings multiple has declined to around 18x from a high of around 24x. Buying of nearly $1 billion in equities by foreign institutional investors (FIIs) also supported the market mood. At the same time, experts say that recent trends show that with the West Asia crisis subsiding, the selling pressure is also reducing.
That’s why there was a rise in June
Experts have also attributed this positive environment to the recent measures taken by the Reserve Bank of India (RBI) to attract foreign investment in debt instruments and signs of lack of enthusiasm about AI infrastructure stocks. Besides, fluctuations are also being seen in big tech companies of Nasdaq and AI related stocks in South Korea. According to ICICI Securities, when crude oil prices are above $90-100 per barrel, there is an inverse correlation between crude oil prices and Nifty 50. Therefore, the recent fall in crude oil prices may support Indian equities as it will improve the country’s external sector and reduce the oil import bill.
Poor performance of Indian market in the current year
Despite the fall in global stock markets in June, India is lagging behind many major markets in terms of year-to-date (YTD) performance. So far in 2026, India’s market cap (mcap) in dollar terms has fallen by 4.8 percent, while South Korea’s market cap has increased by 74 percent and Taiwan’s market cap has increased by 52 percent. The market cap of China and Japan has increased by 13.5 percent and 11.7 percent respectively, while the market cap of America and Canada has increased by 10 percent and 4.3 percent respectively. On the other hand, the market cap of Hong Kong has fallen by 9 percent, while the market cap of France and Germany has declined by 4.1 percent and 5.5 percent respectively.
Leave a Reply