Indian Stock Surpasses Hong Kong, Ranks Fourth in Global Stock

The Indian stock market has pipped Hong Kong to become the fourth-highest equity market globally, Bloomberg reported.

As of Monday’s close, Indian exchange-listed shares total USD 4.33 trillion, surpassing Hong Kong’s USD 4.29 trillion, per Bloomberg.

India’s stock market exceeded USD 4 trillion on December 5, 2023, half of it accumulated in the last four years. Leading global stock markets include the U.S., China, and Japan.

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Indian Stock Soar 17-18%, Outperforming 2022, While Hong Kong’s Hang Seng Declines 32-33%

Investors reaped stellar gains in the past year with Indian stocks, despite occasional turbulence, as 2023 delivered handsome financial rewards.

2023 Triumph: Sensex and Nifty Surge 17-18%, Outshining Modest 3-4% Gains in 2022; Hang Seng Index Declines 32-33%.

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India: Strong Economy, Stable Politics, Record Highs

India’s robust GDP outlook, controlled inflation, and political stability contribute to its status as the fastest-growing major economy.

Foreign portfolio investors’ recent influx bolsters Indian stocks, propelling them to record highs. Foreign investors are once again net buyers in India’s stock market, aiding benchmark indices in reaching new peaks.

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India, now the most populous country, emerges as a China alternative, drawing global capital for its stability and vibrant economy.