India benefited from Russia-Ukraine war, Sensex market cap of Rs 251.88 lakh crore

The Indian market is getting the direct benefit from the Russia-Ukraine War. The market cap of the Bombay Stock Exchange stood at Rs 251.88 lakh crore on Thursday. While the valuation of UK companies stood at Rs 249 lakh crore.

Indian market outperforms UK stock market

During Russia-Ukraine war, the market cap of the Indian market is at number six. This is the first time in history that the Indian market has overtaken the UK stock market. The market capitalization of the Indian market has fallen by around $357.05 billion since the start of the fight between Ukraine and Russia last month, while the British market has seen a decline of $410 billion since February 1.

America’s stock market is number one in the world

The US stock market currently ranks first in the world with a market cap of $46.01 trillion. At number two is the Chinese market with a market cap of $11.31 trillion. Japan comes third in this regard. The valuation of companies listed in this market is $5.78 trillion. Hong Kong is at number four with a market cap of $5.50 trillion and Saudi Arabia is at number five with a market cap of $3.25 trillion.

Saudi Arabia at number five

Saudi Arabia is the second largest crude oil exporter in the world. Saudi Arabia has made huge gains amid current geopolitical tensions in crude oil prices. Due to this there has also been a huge increase in the market cap of the companies here. In the last one month, the market cap of Saudi Arabia has increased by about $ 442 billion.

Market up in last three days

By the way, for the last three days, there is a boom in the stock markets around the world. The BSE Sensex closed with a gain of 581 points on Tuesday, 1,223 points on Wednesday and 817 points on Thursday. Similarly, recovery is visible in other markets of the world. This is because there have been signs of a deal with Russia from Ukraine’s President Volodymyr Zelensky.

Along with this, the market has also got relief from the softening of crude oil prices. The performance of the Bharatiya Janata Party in the assembly elections of five states and the softening of crude oil showed a tremendous rise in the market on Thursday morning. So far this week, the Nifty and the Sensex have gained nearly 4 per cent.