HIGHLIGHTS:
- India’s equity market has entered the world’s top five in terms of market capitalization
- The country’s overall market capitalization is $3.21 trillion
- Despite a 7.4% loss in its market capitalization, India climbed two positions later
For the first time, India’s equity market has entered the world’s top five in terms of market capitalization. The country’s overall market capitalization is $3.21 trillion, more than the United Kingdom’s ($3.19 trillion), Saudi Arabia’s ($3.18 trillion), and Canada’s ($3.18 trillion).
India’s position
India is currently placed fifth, after the United States, China, Japan, and Hong Kong. India was rated seventh at the start of 2022. Despite a 7.4% loss in its market capitalization, India climbed two positions later. India’s market capitalization is currently $3.21 trillion.
Ranking of European countries
The United Kingdom and France were placed fifth and sixth, respectively, at the start of 2022.However, their position has slipped, and they are now rated sixth and ninth, respectively.
Germany was formerly one of the top five markets, but it now ranks ninth. The invasion of Ukraine by Russia has resulted in the greatest eroding of European nations’ market capitalization, resulting in a drop in their ranks.
Saudi Arabia’s position in the world
Saudi Arabia, which was previously rated 10th, has moved up three places to 7th. The rise in oil prices benefited Saudi Arabia’s state-owned oil company, Aramco. Aramco’s stock has gained 15% this year, putting the corporation at roughly $2.4 trillion.
Concerning market capitalization
The total market value of a publicly traded company’s outstanding shares of stock is known as market capitalization (market cap). The market cap of a corporation is derived by multiplying the total number of outstanding shares by the current share price.
