India Tops Mcap Gain Globally

Mumbai: India’s stock market recorded the highest monthly gain among the world’s ten largest equity markets in March, rising 9.4 per cent in dollar terms, as per latest stock exchange data. This marks the strongest rally in four years, following five consecutive months of decline. According to the exchange data, the total market capitalisation (mcap) of all listed companies on the Bombay Stock Exchange (BSE) surged to approximately $4.8 trillion, up from around $4.87 trillion (Rs418.29 lakh cr) at the end of February. This is the biggest monthly jump since May 2021. India outperformed other major markets, with Germany following at a distant second with a 5.64 per cent rise in market capitalisation to over $2.81 trillion.

Japan and Hong Kong gained 4.9 per cent and 4 per cent, respectively. France, the United Kingdom, and Canada also recorded modest growth. In contrast, the US, the world’s largest equity market, saw a decline of 3.7 per cent, while Saudi Arabia fell by 4.4 per cent.