India’s equity market has entered the top five clubs in the world in terms of market capitalization for the first time. The country’s total market cap stood at $3.21 trillion in the second week of March 2022, higher than the UK ($3.19 trillion), Saudi Arabia ($3.18 trillion) and Canada ($3.18 trillion).
India has climbed two places from ranking 7th to 5th
Despite a 7.4 per cent fall in market capitalization, India has climbed two places this year. At the start of the year, the UK and France were ranked fifth and sixth with a market capitalization of $3.7 trillion and $3.5 trillion, respectively.
Germany stands at 10th rank
The Ukraine-Russia crisis has rattled the rankings, with European countries suffering the biggest losses in market capitalization. Germany, which was formerly one of the top five markets, is now ranked tenth.
Saudi Arabia has climbed three places from ranking 10th to 7th
Meanwhile, Saudi Arabia has climbed three places from 10th to 7th. The country, especially its largest firm Aramco, will benefit from a jump in oil prices this year. Crude oil prices have already touched the level of $130 per barrel.
Shares of the state-owned oil giant have risen 15 per cent, valuing the company at nearly $2.4 trillion, behind only the world’s most valuable firm, Apple, which has a market cap of $2.6 trillion.
Top Companies with highest market capitalisation in Indian Equity Market
Reliance – Rs 16,21,895 Cr
TCS – Rs 13,47,009 Cr
HDFC Bank – Rs 8,02,865 Cr
Infosys – Rs 7,86,554 Cr
ICICI Bank – Rs 4,90,587 Cr
HUL – Rs 4,79,951 Cr
SBI – Rs 4,38,287 Cr
HDFC – Rs 4,16,044 Cr
Bajaj Finance – Rs 4,12,167 Cr
Bharti Airtel – Rs 3,96,729 Cr
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