India overtakes Taiwan as Sensex jumps 11%, now 2nd in EM weight index

India's S&P BSE Sensex has jumped 11 per cent this quarter, the world's best performance among national benchmarks in countries with a stock market value of at least $1 trillion.

A sharp rebound in Indian stocks this quarter has seen their weighting rise to the second spot in the MSCI Emerging Markets (EM) Index, trailing only to China’s.
 

With 108 members, India’s country weight stands at 14.483 per cent as of end-August, according to data compiled by Bloomberg. That’s a whisker above 14.480 per cent for Taiwan, which has 84 companies in the MSCI EM gauge, including the most-weighted Taiwan Semiconductor Manufacturing Co.
 

China continues to dominate with about a third of the index weighting. 
 

India’s S&P BSE Sensex has jumped 11 per cent this quarter, the world’s best performance