New Delhi, Nov. 5 -- The sharp rebound in the Indian stock market during October, which marked its best monthly gain since April, helped its share in global market capitalization improve after dropping to a 24-month low.

After remaining under pressure for a considerable period, the Nifty 50 staged a strong comeback in October, touching the 26,000 level before ending the month 4.5% higher-the best MoM returns in the last seven months. Notably, amid extreme volatility, the index fluctuated around 1,498 points before closing 1,111 points higher.

The rebound also supported the improvement in India's market cap share, which rose to 3.6%, according to a report released by domestic brokerage firm Motilal Oswal. In September, the share had hit ...