New Delhi, June 29 -- India has regained the fifth position in the global market capitalisation (mcap) rankings after briefly slipping to the seventh spot, aided by corrections in the Taiwanese and South Korean equity markets.
India's total market capitalisation currently stands at $5.05 trillion, while Taiwan and South Korea have slipped below the $5 trillion mark to $4.97 trillion and $4.66 trillion, respectively. The decline pushed the two markets to the sixth and seventh positions in the global rankings.
The reversal comes as investors aggressively booked profits in Taiwan and South Korea following prolonged, record-breaking rallies in artificial intelligence (AI) and semiconductor stocks, which had driven sharp gains in both markets ...