Among the top five stock markets in the world, India’s stock market is the best-performing, returning more than 25% (measured in terms of market capitalization) since the start of 2024.
The Bombay Stock Exchange’s (BSE) total market capitalization topped Rs 462 lakh crore (more than 5.5 trillion dollars) on Wednesday as a result of an incredible rally.
The stock markets in the US, Hong Kong, Japan, and China saw positive returns of 13.61 percent, 4.15 percent, and 4.02 percent, respectively, throughout this time.
With a market valuation of 57.28 trillion dollars, the US stock market is the biggest in the world. Following this, with a market capitalization of 8.24 trillion dollars, China is in second place, followed by Japan in third place, 6.49 trillion dollars, and India in fourth place, 5.51 trillion dollars. Hong Kong boasts a market capitalization of 4.92 trillion dollars, making it the fifth largest stock market globally.
On May 28, 2007, the stock market’s market capitalization surpassed one trillion dollars for the first time. It reached 2 trillion dollars on July 10, 2017, after ten years; after four more years, it reached 3 trillion dollars on May 24, 2021; after more than two years, it reached 4 trillion dollars on November 30, 2023; and in the following six months, on May 24, 2024, it crossed the 5 trillion dollar threshold.
The robust performance of the GDP is the cause of the Indian stock market’s explosive growth. The GDP expanded by 8.2 percent in the fiscal year 2023–2024, and the Economic Survey predicted that GDP may expand by 7% in the fiscal year 2024–2025..
