UK Overtakes India As 6th largest Equity Market - Testbook.com

The UK Emerges as the 6th Largest Equity Market, Leaving India Behind

• After an intense period of nine months, the UK has successfully leapfrogged India, securing its position as the sixth-largest equity market worldwide.
• The decline in the value of the pound has amplified the allure of heavyweight exporters trading in London. In contrast, concerns revolving around the Adani Group have negatively impacted the stock market in Mumbai.
• The total market capitalization of primary listings in the UK has reached approximately $3.11 trillion, which is $5.1 billion more than their Indian counterparts.
• It's important to highlight that France still holds a lead over the UK in terms of equity market capitalization, as it overtook the UK to become Europe’s largest stock market last year.
• At present, investors are flocking to the UK's equity market due to its robust amalgamation of financial, commodities, and defensive stocks in the FTSE 100 index.
• On the other hand, India's stock market is battling a depreciating rupee and the aftermath of a crash in the share prices of companies in the Adani Group.
• The MSCI India Index has seen a dip of 6.1% this year, while the conglomerate of companies owned by Gautam Adani has lost approximately $142 billion in market capitalization since the publication of the Hindenburg report on January 24, 2023.
• Despite these challenges, investors are not shying away from Indian stocks as a whole. As per market experts, investor apprehensions surrounding the Adani Group are specific to the company and do not reflect the broader Indian market.

Source: Indian Express