The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday’s close, compared to $4.29 trillion for Hong Kong, according to data compiled by Bloomberg.
The top three stock markets globally are the US, China, and Japan.
The past 12 months have been stellar for investors who parked their money in Indian stocks, though there has been some turbulence.
The country’s stock market capitalisation crossed $4 trillion for the first time on December 5, 2023, with about half of that reportedly coming in the past four years.
In 2023 Sensex and Nifty – the flagship indexes of BSE and NSE – gained 17-18 percent, on a cumulative basis, while Hong Kong’s benchmark Hang Seng Index cumulatively declined 32-33 percent over the past year, Bloomberg reported, citing market data.
As Indian stocks rallied, it coincided with a historic slump in Hong Kong, where some of China’s most influential and innovative firms are listed.
Follow us on
