India brings Germany into $ 3 trillion market capitalization club
India introduced Germany, the European powerhouse, into the $ 3 trillion market capitalization club. The Indian domestic market joined the UK, France and Canada in the $ 3 trillion open-ended club on Monday.
India currently sits in eighth place on the top-valued stock market chart, ahead of Germany, which has a market capitalization of $ 2.8 trillion.
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In the past, Germany and India competed for eighth place. Given the outperformance of European equities, Germany could also join the club soon. The DAX, a measure of the performance of the largest companies listed on the Frankfurt Stock Exchange, is up 13% this year outperforming the Sensex which is up 6%.
First published: Tue 25 May 2021 00:54 IST