<p><strong><em>By Chiranjivi Chakraborty</em></strong></p>.<p>India has reclaimed its spot as the world’s fifth largest stock market after losing that status to France in January, as foreign investors snap up the Asian nation’s shares.</p>.<p>India’s market capitalization stood at $3.3 trillion as of Friday, helped also by a rebound in Adani Group’s stocks after a short seller report earlier in the year sparked a heavy selloff. Meanwhile, France lost more than $100 billion in market value last week as luxury goods makers such as LVMH Moet Hennessy Louis Vuitton SE and Vivendi SE saw a rout amid fears of a slowdown in China and the US. </p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/business-news/global-trends-macroeconomic-data-to-drive-equity-markets-this-week-analysts-1222644.html" target="_blank">Global trends, macroeconomic data to drive equity markets this week: Analysts</a></strong></p>.<p><br />Global funds are piling into Indian stocks as a stuttering economic recovery in China has sparked a rotation. Foreign investors have added $5.7 billion worth of India stocks since the start of April, lured by a stable earnings outlook and one of the highest GDP growth rates among the world’s largest economies.</p>.<p>Jefferies Financial Group Inc. last week raised the weighting of Indian stocks in its Asia Pacific ex-Japan model portfolio to reflect the disappointments in the Chinese stock market after a strong rally earlier this year.</p>.<p>The S&P BSE Sensex Index has bounced back more than 9% after briefly entering correction territory in mid-March, closing in on record high levels. A rebound in Adani’s stocks has gathered steam turn after a court-appointed panel said it found no conclusive evidence of stock price manipulation as alleged by US short seller Hindenburg Research.</p>.<p>Adani’s 10 listed entities added around $15 billion to their market value last week to trim their losses post-Hindenburg’s report to $105 billion from as high as $153 billion earlier.</p>
<p><strong><em>By Chiranjivi Chakraborty</em></strong></p>.<p>India has reclaimed its spot as the world’s fifth largest stock market after losing that status to France in January, as foreign investors snap up the Asian nation’s shares.</p>.<p>India’s market capitalization stood at $3.3 trillion as of Friday, helped also by a rebound in Adani Group’s stocks after a short seller report earlier in the year sparked a heavy selloff. Meanwhile, France lost more than $100 billion in market value last week as luxury goods makers such as LVMH Moet Hennessy Louis Vuitton SE and Vivendi SE saw a rout amid fears of a slowdown in China and the US. </p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/business-news/global-trends-macroeconomic-data-to-drive-equity-markets-this-week-analysts-1222644.html" target="_blank">Global trends, macroeconomic data to drive equity markets this week: Analysts</a></strong></p>.<p><br />Global funds are piling into Indian stocks as a stuttering economic recovery in China has sparked a rotation. Foreign investors have added $5.7 billion worth of India stocks since the start of April, lured by a stable earnings outlook and one of the highest GDP growth rates among the world’s largest economies.</p>.<p>Jefferies Financial Group Inc. last week raised the weighting of Indian stocks in its Asia Pacific ex-Japan model portfolio to reflect the disappointments in the Chinese stock market after a strong rally earlier this year.</p>.<p>The S&P BSE Sensex Index has bounced back more than 9% after briefly entering correction territory in mid-March, closing in on record high levels. A rebound in Adani’s stocks has gathered steam turn after a court-appointed panel said it found no conclusive evidence of stock price manipulation as alleged by US short seller Hindenburg Research.</p>.<p>Adani’s 10 listed entities added around $15 billion to their market value last week to trim their losses post-Hindenburg’s report to $105 billion from as high as $153 billion earlier.</p>
