India Moves to 5th Place in Global Market Cap as Taiwan and South Korea Decline

India has reclaimed the 5th spot in global market capitalisation (mcap) rankings with a total of $5.05 trillion. This comes as Taiwan and South Korea's markets exhibited downward trends, with their mcaps falling below the $5 trillion mark, as per news reports. 

India's Market Position and Global Trends 

In June 2026, India's stock indices, Sensex and Nifty, noted gains of 3.8% and 2.8% in dollar terms, respectively. Broader markets also saw upward trends, with the BSE MidCap 150 index climbing 1.3% and the BSE SmallCap 250 index rising 4.4%.  

India's market has benefited from a decrease in crude oil prices and foreign institutional investor activity amounting to $1 billion regaining the fifth place in global market capitalisation (mcap) rankings. 

Taiwan and South Korea's Market Declines 

Taiwan and South Korea saw a decline in their mcaps to $4.97 trillion and $4.66 trillion, respectively. The ongoing adjustments in technology and semiconductor markets, alongside reduced enthusiasm surrounding AI infrastructure stocks, have played a role in this downturn. 

Crude Oil Prices and Indian Equities 

As per ICICI Securities, the reduction in crude oil prices, which maintain an inverse relationship with the Nifty 50 when trading above $90-100 per barrel, appears favourable for Indian equities. This decline has lightened India's oil import burden. 

Global Market Performance 

The global equity market underperformed in June 2026. The US and China markets remained flat, while Japan's mcap fell 1.06%, and Hong Kong's decreased by 8.3%. Canada experienced a 3.1% drop, the UK fell 1.9%, France decreased by 1.1%, and Germany declined by 5.6%. 

Read More: Indian Railways Allocates ₹84,000 Crore to Capex in April-May 2026; 30% of Annual Budget Spent on Safety and Track Upgrades! 

Year-To-Date Performance of Global Markets 

So far in 2026, India has experienced a 4.8% decline in mcap in dollar terms. Conversely, South Korea and Taiwan showed significant gains of 74% and 52%, respectively.  

China's and Japan's mcaps grew by 13.5% and 11.7%, while the US and Canada witnessed gains of 10% and 4.3%. In contrast, Hong Kong observed a 9% decline, with France and Germany seeing declines of 4.1% and 5.5%, respectively. 

Conclusion 

India's market cap rise to $5.05 trillion, overtaking Taiwan and South Korea, was helped by a 3.8% gain in Sensex and 2.8% in Nifty. Taiwan and South Korea's mcap fell by 2.3% and 4.7%, while global trends were generally flat or declining. The US and China markets stayed stable, but Japan, Hong Kong, Canada, the UK, France, and Germany saw reductions in June. 

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