– Indian capital market of $ 3.31 trillion New Delhi. The Indian capital market has once again become the 5th largest capital market in the world due to the continuous boom for the last two months. The market cap of the Indian capital market has increased to $3.31 trillion (Market cap increased to $3.31 trillion). With this, the domestic equity market has overtaken the French equity market to take the 5th position among the top 10 equity markets. Let us tell you that in the beginning of this year, the Indian capital market had overtaken France to reach the sixth position. But due to the continuous bullish environment for the past few times, the domestic equity market has once again improved its global ranking. France’s equity market is currently worth $3.24 trillion, or $3.24 trillion, due to which it has once again slipped behind India to the sixth position. Among the top 10 countries in terms of market cap of the equity market, the US equity market currently ranks first with $44.54 trillion. China’s equity market is in second place with $10.26 trillion. While Japan’s equity market with a market cap of $5.68 trillion is at the third position and Hong Kong’s equity market is at the fourth position with a market cap of $5.14 trillion. According to the data received from the stock exchange, since March 28, there has been a continuous atmosphere of enthusiasm in the Indian capital market. However, due to global pressure many times in between, there has been a downward trend in the market. Despite this, due to continuous improvement in the conditions of the country’s micro economy, foreign investors are continuously trending towards the Indian market. Since the last week of March, the BSE Sensex has gained almost 13 percent, while the BSE Midcap and Smallcap indices have also gained about 15 percent. Experts claim that due to the rapid improvement in the fundamentals of the Indian economy during the last few years, the Sensex can touch the level of 90 thousand to 1 lakh in the coming 5 years. However, this is possible only if the earnings per share (EPS) in the Indian capital market continues to grow by 15 percent on an annual basis.
Prashant Dhami, Vice President, Dhami Securities, believes that based on the track record of the last 5 years, 15 per cent annual EPS growth is not a difficult target for the Indian capital market. However, any major upheaval in the global economy or any major change in the Indian economy can also give adverse results.
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