India has surged back to the fifth spot globally in market capitalization, surpassing Taiwan. This marks India’s second ascent in recent weeks, having previously overtaken South Korea. The shift comes as Taiwan’s AI-driven rally cooled, trimming its market value. Investors are now reassessing stretched valuations and the sustainability of AI spending, impacting semiconductor-heavy markets.
Sensex rises over 200 points, Nifty above 24,000; Maruti Suzuki shares jump 3%
Indian stock markets rebounded on Tuesday, with both Sensex and Nifty climbing approximately 0.4% after a dip in the previous session. The Sensex surged over