India emerges 4th largest stock market in the world: Surpassing Hong Kong

India emerges 4th largest stock market in the world: Surpassing Hong Kong

According to the Bloomberg report, India has overtaken Hong Kong to become the world’s fourth largest stock market. The combined value of Indian exchange shares reached the mark of $4.43 trillion at the close on 22nd January 2024 while the share market value of Hong Kong was $4.29 trillion.

It is a remarkable move as this was the first time when India’s Equity market had crossed the $4 trillion mark in December 2023. The world’s top three stock markets are US, China and Japan respectively. Now India has secured its place on the fourth place surpassing Hong Kong in terms of stock market value.

Other comparison:

It is also noted that the Indian market has been profitable for the investors over the past 12 months. Even though there were some rough currents in the stock market, the year 2023 gave handsome dividends to the investors who parked their money in the Indian stock market.

If we talk about the cumulative basis, NIFTY and SENSEX gained 17% to 18% handsome profit in 2023 while in the last year they merely gained 3-4% each. According to the data study by Bloomberg, the Hang Seng Index, benchmark of Hong Kong, declined about 32-33% in 2023 from the last year.

Major reasons to gain momentum:

• The stable GDP forecasts along with manageable inflation played a crucial role in the success of the Indian stock market.
• The political stability at the center as well as states along with the monetary policy tightening of the central bank have placed India in a bright picture. This is the reason many major agencies have confirmed predictions that India is the fastest growing economy.
• The strong inflow of Funds from foreign portfolio investors also made possible for the Indian stock market to shine.
• One of the reasons to gain high marks is that India became the most populous country and gained fresh capital from global investors.

Conclusion:

India has achieved one more milestone by becoming the fourth largest stock market surpassing Hong Kong in terms of the Equity market value and confirming its strong position over the world. In future we can expect more milestones to be achieved due to stable GDP growth, stable political center, manageable inflation, strong foreign inflow, strong attraction of fresh capital and many other string reasons.

Important Questions:

1. What is India’s position in the stock market value around the world?
2. What are some major reasons to the success of Indian stock market?

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