India's stock market has once again become the fifth largest market in the world by capitalization, overtaking Taiwan. The total value of the shares traded there reached 5.4 trillion dollars. Since the end of October, the Indian market has added about 640 billion dollars, and this growth was enough to change the country's position in the world ranking.
The increase occurred against the background of the drop in oil prices in the world and an active flow of foreign capital. Since the beginning of November alone, foreign investors have poured nearly $8 billion into Indian stocks. At the same time, global interest in the artificial intelligence sector is weakening, and some of the money is being diverted to other markets, including India.
The capitalization growth here is related not only to the revaluation of individual securities, but also to changes in international investment flows. For India, this means a return to the world's five largest stock markets. At the same time, two specific circumstances are behind the rapid increase: cheaper oil and new foreign investments.