India became the 5th largest stock market in the world

India again became the 5th largest stock market in the world

India has regained its position as the fifth largest stock market in the world on the back of a recent rally in the domestic stock market. For a short time in January, France had overtaken India in this matter. But now again it has achieved 5th rank on the basis of positive performance. The valuation of the Indian stock market has gone up to $3.31 trillion. Due to the rise in Adani Group Shares in the past, the Indian stock market has once again helped in becoming the world’s ‘fifth largest stock market’. In January, France had achieved this position, leaving behind India.

How much is the valuation

America : 44.54 trillion dollars

China : 10.26 trillion dollars

Japan : 5.68 trillion dollars

Hong Kong : 5.14 trillion dollars

India : 3.31 trillion dollars

France : 3.24 trillion dollars

Bank Nifty at life time high

Bank Nifty hit a life time high of 44,458 during the trade on Monday. However, it later recovered to 44,395.50 (+377.50). Technical analyst Mitesh Thakkar said, ‘There is a good chance to reach the important level of 44,500. At present, the target for Bank Nifty will be 44,950-45,000.

New high can be made before June 5

The Indian stock market may move to new highs before June 5, 2023. June 5 is the last date to increase the debt limit in America. Experts say that consumer durables and FMCG segment can help Nifty and Sensex to make fresh higher levels. There are still many stocks in these segments which have not yet contributed to this rally. Vaishali Parekh, VP (Technical Research), Prabhudas Lilladher said, “The upside target for Nifty in the near term is 18,800 to 18,900.”