SEBI Chief Highlights Taiwan's Market Growth Over India
One Stock Story vs Many Sectors: How SEBI Chief Sees Taiwan's Market Surpassing India
Image: Times Now News
Taiwan's stock market has overtaken India's, ranking sixth globally with a market capitalization of $4.95 trillion compared to India's $4.92 trillion. SEBI Chairman Tuhin Kanta Pandey attributes Taiwan's success to concentrated stocks like TSMC, while India's market faces challenges due to foreign outflows and a diversified structure.
- 01Taiwan's market capitalization reached $4.95 trillion, surpassing India's $4.92 trillion.
- 02The U.S. leads globally with a market cap of $77.96 trillion.
- 03Taiwan's growth is driven by the artificial intelligence surge in TSMC, which constitutes 42% of its benchmark index.
- 04India's stock market is experiencing record foreign outflows due to a weakening rupee and geopolitical tensions, notably the ongoing Iran War.
- 05At market close, the Sensex fell by 411.46 points to 76,077.50, while Nifty dropped by 118.00 points to 23,913.70.
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In a recent statement, SEBI Chairman Tuhin Kanta Pandey noted that Taiwan's stock market has surpassed India, now ranking sixth globally with a market capitalization of $4.95 trillion. This shift pushes India to the seventh position, with a market cap of $4.92 trillion. Pandey highlighted that Taiwan's market is characterized by concentrated stocks, particularly the Taiwan Semiconductor Manufacturing Company (TSMC), which has surged by 49% this year and makes up about 42% of the market index. In contrast, India's stock market is more diversified but has faced significant challenges, including record foreign outflows primarily due to a weakening rupee and the impacts of the ongoing Iran War. As a result, Indian markets have seen declines, with the Sensex and Nifty both closing lower recently. The overall market capitalization of BSE-listed firms remains stable at ₹469 lakh crore.
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The decline in India's stock market due to foreign outflows could affect investor confidence and market stability.
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