India has piped European powerhouse Germany into the $3-trillion market capitalisation club. The Indian domestic market on Monday joined the UK, France and Canada in the $3-trillion m-cap club.
India currently ranks eighth on the table of most-valued equity markets, ahead of Germany which has a market cap of $2.8 trillion.
In the past, Germany and India had tussled for the eight position. Given the outperformance in European equities, Germany too could join the club soon. The DAX, a gauge for the performance of the largest companies listed on the Frankfurt stock exchange, is up 13% this year outperforming the Sensex which is up 6%.
Source: Business Standard
You may also like
-
India to Establish First Precision Manufacturing Institute Under Semicon 2.0
-
India-Made Semiconductor Products Begin Reaching Global Markets as Domestic Ecosystem Expands
-
LightSpeed Photonics Plans India Packaging Pilot Line, Targets 50% Local Production by 2028
-
Tata Electronics and Enomoto Partner to Strengthen Advanced Semiconductor Packaging Ecosystem in Assam
-
Tata Electronics, Sojitz and NRS Build Critical Materials Supply Chain for ₹91,000-Crore Dholera Semiconductor Fab
