Business Standard

UK overtakes India as world's 6th-biggest stock market with $3.11 trn mcap

The UK's equity market capitalization remains behind France after losing its place as Europe's biggest stock market last year.

Photo: Bloomberg
Premium

Photo: Bloomberg

Sagarika Jaisinghani | Bloomberg
The UK has surpassed India as the world's sixth-largest equity market for the first time in almost nine months as a weaker pound boosted the appeal of heavyweight exporters trading in London and Adani Group-led jitters weighed on stocks in Mumbai.

The combined market capitalization of primary listings in the UK, excluding ETFs and ADRs, reached about $3.11 trillion on Tuesday, some $5.1 billion higher than their Indian equivalents, according to data compiled by Bloomberg. That hasn't happened since May 29.

James Athey, investment director at Abrdn, said investors are "seeing a deep value opportunity in the UK" following the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 22 2023 | 5:36 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com