Mumbai/IBNS, June 29 -- India has reclaimed its position as the world's fifth-largest equity market after overtaking Taiwan and South Korea, aided by a rise in domestic market capitalisation and declines in the two Asian peers, according to media reports.

India climbs back to fifth spot

India's total market capitalisation has risen 2.75 percent so far in June, helping it regain the fifth position in the global equity market rankings.

US remains the world's largest equity market

The United States continues to dominate as the world's largest equity market, followed by China, Japan and Hong Kong.

India now occupies the fifth position after the recent reshuffle in global market rankings.

Profit-booking hits Taiwan and South Korea

The d...