The Indian market capitalization has emerged as the fifth largest stock market in the world, valuing nearly 2.2 trillion USD.              

The Indian market has rallied on the back of the resolution to address the US government debt default crisis. As a result, the market capitalization  has risen to 2.2 trillion USD, with the country restoring its place as the fifth largest stock market globally.

India's market capitalization is at a nearly five-month high in the current scenario. The two-month-old boom in the Indian stock market has pushed the growth much ahead of France and has recorded a market worth of 3.2 trillion USD. This market cap value growth is highly reliant upon robust foreign fund buying supported by steady macroeconomic fundamentals.

The rally took the Sensex above the 63.000 mark lately, post six months. Opened at 62,802 points, the Sensex went up to 300 points and rallied to an intra-day high of 63,026 points. However, it was closed a tad lower from its near-six-month-high-figure at 62,846 points, up to 345 points necessarily or an estimated growth value of about 0.6 percent.

Indian Sensex has risen by 6.5 percent since 31^st March and the market cap in the region has risen over nine percent from 26.18 million USD. Similarly, foreign funds have also net infused nearly 500 billion USD into Indian stocks.

India has emerged as a recipient of a large chunk of foreign investments lately, ever since the pandemic began. One testament to this evidential growth is raising the weight of Indian stocks in its Asia-Pacific ex-Japan model portfolio, reflecting disappointments in stock markets of politically conflicted nations. India is anticipated to experience robust economic growth by nearly seven percent in the fiscal year 2023. Investors and fund managers on the horizon are pointing to record GST collection numbers and falling inflation rates in the arena as two fundamental indicators that lift India's position in the stock market.