India has reclaimed fifth place among the world’s top equity markets by value after being briefly usurped by France during a selloff of Adani Group shares.
India’s market capitalization stood at $3.15 trillion on Friday, inching back above France with the UK retaining seventh place, according to data compiled by Bloomberg that shows the combined value of companies with a primary listing in each country.
The outlook for earnings growth helped revive the appeal of the South Asian country’s equities, which have outperformed most global peers for the past two years.
