Monday, 26 February 2024
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Stock Market

The fourth-largest stock market is now in India

  • With the total value of shares listed on Indian exchanges hitting USD 4.33 trillion as of Monday’s close.
  • The Indian stock market has become the fourth-highest equity market in the world.
  • The US, China, and Japan stock markets are the top three.

With the total value of shares listed on Indian exchanges hitting USD 4.33 trillion as of Monday’s close, the Indian stock market has eclipsed Hong Kong to become the fourth-highest equity market in the world.

On December 5, 2023, the value of the Indian stock market surpassed USD 4 trillion for the first time; about half of that amount had been added in the previous four years.

Stock markets

The US, China, and Japan stock markets are the top three. For investors in Indian stocks, the last twelve months have been exceptional. In 2023, the Sensex and Nifty have gained 17–18% cumulatively, while in 2022 they had only gained 3-4% apiece.

India is an alternative to China because of its stable political system and consumer-driven economy, which have drawn new investment and business from around the world.

But while Indian equities were rising, Hong Kong, home to some of the most significant and creative companies in China, was experiencing a historic sell-off. Due to a lack of fresh listings, the Asian financial center has lost its position as one of the busiest places in the world for initial public offers (IPOs).

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