Indian stock market surges by 13.8% in June quarter, outperforming global peers

During the June quarter of FY 2024-25, Indian stock indices delivered a stellar performance. From April to June, the market capitalisation of the Indian stock market surged by 13.8 per cent, the highest among the top 10 global stock markets. Currently, India stands as the fifth-largest stock market in the world, boasting a market capitalisation of $5 trillion.

In comparison, the U.S. market, the world's largest stock market, saw its valuation increase by 2.75 per cent to $56 trillion over the same period. Meanwhile, China's equity market, the second-largest globally, experienced a decline of 5.59 per cent, reducing its market capitalisation to $8.6 trillion.

Following India, the markets of Taiwan and Hong Kong showed substantial gains, with increases of 11 per cent and 7.3 per cent respectively, bringing their market valuations to $2.49 trillion and $5.15 trillion. The United Kingdom's stock market also saw a modest increase of 3.3 per cent, reaching a valuation of $3.2 trillion.

On the downside, Saudi Arabia's stock market experienced the most significant decline among the top 10 markets, with a decrease of 8.7 per cent to $2.67 trillion. France followed with a decline of 7.63 per cent, reducing its market valuation to $3.18 trillion. Japan's stock market also saw a reduction of 6.24 per cent, bringing its valuation to $6.31 trillion.

The Indian stock market has been on a bullish trend since 2023. Last year, the market valuation increased by over 25 per cent. In June alone, both the Sensex and Nifty indices rallied by nearly seven per cent.

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