India surpasses Hong Kong to become fourth-largest global stock market
THE JHARKHAND STORY DESK Advertisement Advertisement New Delhi, Jan 23: In yet another achievement for India whose opportunities for growth and policy…
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THE JHARKHAND STORY DESK
New Delhi, Jan 23: In yet another achievement for India whose opportunities for growth and policy changes have made it a favourite among investors, India’s stock market has surpassed Hong Kong’s for the first time.
Bloomberg data shows that as of Monday’s closing, the total value of shares listed on Indian exchanges was $4.33 trillion, compared to $4.29 trillion for Hong Kong. India is now the world’s fourth-largest equity market as a result.
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On December 5, its stock market capitalization surpassed $4 trillion for the first time, with over half of that amount coming from the previous four years.
India’s equity market has been thriving as a result of rising corporate profits and the number of retail investors. The most populated nation on earth is now a destination for investors from around the world. A historic downturn in Hong Kong has coincided with the increasing rise in the Indian stock market.
The increasing inclination among individuals to invest in the stock market is the reason behind the upward trend in the stock market.
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