India leads m-cap gains in world’s top 10 nations
Indian stocks have gained the most across the world’s top 10 nations by market value in the fiscal year 2021-2022. This has underscored the strength of rally which was not affected by the covid-induced economic uncertainties.
The data from the Bloomberg highlights that, India’s aggregate market capitalization has reached to 88% in dollar terms in the current fiscal. This was recorded as the sharpest increase in the aggregate market capitalization since the financial year 2011. In the fiscal year 2019-2020, the market capitalization of India reached to 31% following the nationwide lockdown wrecked investor sentiment.
Where does India stand?
Despite witnessing the sharp rise, India was ranked at the eighth position among countries with the market capitalization of $2.8 trillion.
Market capitalization of other nations
The United States saw the aggregate market capitalization expansion of 67% with the market capitalization of $45.83 trillion while China saw the expansion of 52% with the market capitalization at $10.57 trillion from April 2020 till date. Canada saw the expansion of 78% with market capitalization of $2.89 trillion. The lowest growth of 28% was witnessed in Saudi Arabia where the market capitalisation was $2.53 trillion.
It is commonly known as the market cap. Market cap is defined as the market value of the outstanding shares of any publicly traded company. It is equal to the share price multiplied by the number of shares outstanding. The capitalization can also be used as the indicator of the public opinion since the outstanding stock is bought and sold in the public markets. It only shows the equity value of the company.