India Overtakes Taiwan to Become World’s 5th Largest Stock Market Again

India has overtaken Taiwan to become the world’s fifth-largest stock market again. Its total value reached about $5.4 trillion after adding roughly $640 billion since late October, Bloomberg data shows. A faltering artificial intelligence (AI) trade and a slide in oil prices drove the gain. Yet India reclaimed the spot in June too, before Taiwan pulled ahead again. Will it hold this time, with Taiwan already rebounding? Foreign Money Trades Chip Stocks for Indian Shares The Nifty 50 closed at 25,255.05 on November 11, according to Google Finance. That is 13.6% above its October 8 close, the year’s low. The stock index is now just down 3.4% this year. Taiwan’s market moved the other way. The TAIEX fell 20.3% from its October 6 peak to its November 6 close.

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