Chart Beat: India’s share in global market cap hits a peak

Despite a shaky global economy, the Indian equity market stood on a firm footing in calendar year 2023. Benchmark indices Nifty50 and S&P BSE Sensex scaled new peaks fetching double-digit returns. Consequently, India’s share in global market capitalization climbed to an all-time high of 3.8% in December, showed an analysis by Motilal Oswal Financial Services Ltd.