Among the world’s stock markets, India performed the best in the June quarter.
The Indian stock market scenario has completely changed in the global market. It has made the stock markets of countries like China, Japan, France and Saudi Arabia realize why India is a paradise for foreign investors. Such a report by Bloomberg has been published, due to which countries like China, the United States, France, Japan and Saudi Arabia have started to get headaches. Now these countries are forced to think how to change this scenario?
After all, why have the numbers given in the Bloomberg report increased such unrest in the big countries of the world? After all, what is there in that report that has created panic among economic superpowers like China, the US and Japan? So let us take you on a data journey, where India’s speed is much higher than that of the rest of the countries in the world. Moreover, investors from all over the world have become convinced by that speed.
India made the world take notice
In the same way, on the basis of stock market, America, Japan and China were making their mark on the world, India has made all the economic superpowers of the world realize its dominance. If we look at the data of just three months, all these countries are surprised to see India’s pace. Let’s first look at the statistics of other countries in the world and then talk about India.
read this too
In the first quarter of the current financial year, the growth in the valuation of the Indian stock market is the highest compared to all the stock markets in the world. Yes, the growth of the $5 trillion market in India is not only double digit but is also 3 to 7 times higher than that of the rest of the markets in the world or rather the US and UK. Whereas, the growth of the markets in China, Japan and France is negative. This means that in the first quarter, the valuation of the markets in these three countries has declined.
India’s dominance in the world.
According to a Bloomberg report, the Indian stock market capitalization has seen the highest increase of around 14 percent in the June quarter. Which is the highest compared to all the major markets in the world. According to the report, the market capitalization of the Indian market is over $5 trillion, making it the fifth-largest market in the world. Recently, India had left Hong Kong market behind, but later the Hong Kong market gained momentum and occupied only the fourth position.
But going by the pace that the Indian stock market is maintaining, India will once again leave Hong Kong behind and after that it may not only be difficult but also impossible for Hong Kong to leave India behind. Sensex has returned 7.30 per cent in the first quarter. Whereas, Nifty has returned 7.54 per cent. In the year 2023, there has been an increase of more than 26 per cent in India’s valuation.
India tops the world’s stock markets
Better performance of Asian markets
Data released by Bloomberg shows that Asian markets have been dominating. After India, the growth in Taiwan’s stock market valuation has been the highest at 11 percent. Currently, Taiwan’s market valuation is $2.49 trillion. After that is Hong Kong, whose valuation has seen an increase of 7.30 percent in the June quarter. On the other hand, there has been an increase in the valuations of the US and the UK, but their growth is very low. While the UK’s growth was 3.30 percent, the US market valuation has seen an increase of 2.75 percent.
Negative growth of these markets
If we talk about other large markets in the world, the growth of the markets of 5 countries is negative. There has been a 5.59 percent loss in growth in China, the world’s second-largest stock market. What is special is that China’s valuation has suffered losses for the fifth consecutive quarter. That means China has been suffering losses for the past 15 months. The situation in Japan has gotten even worse. The valuation has decreased by 6.24 percent in three months. France, one of the largest markets in Europe, has suffered a loss of 7.63 percent. Saudi Arabia’s stock market valuation suffered a loss of 8.70 per cent in the June quarter.
What do the experts say?
In a Bloomberg report, stock market expert Ajay Bagga says that the current strength of Indian markets can be attributed to several years of continuous macroeconomic expansion. He points to premium valuations due to rising corporate profits and says that in recent years banks have resolved their bad loan issues and companies have reduced their leverage. Apart from this, the improved performance of the Indian rupee against other emerging market currencies has also strengthened investor sentiment.
