India becomes the fourth largest stock market in the world, trailing behind the US, China, and Japan

• India beats Hong Kong to become world’s fourth-largest stock market.
• The United States, China, and Japan are the leading countries in terms of global stock market size and influence.
• Here is a summary for you.

Global stock market standing

India has surpassed Hong Kong, securing its position as the world’s fourth-largest stock market.

The combined value of shares on Indian exchanges is $4.33 trillion, exceeding Hong Kong’s $4.29 trillion.

Exceptional growth in the Indian stock market

Over the past 12 months, India’s stock market has witnessed remarkable growth.

Market capitalization crossed $4 trillion on December 5, 2023.

Performance comparison

Sensex and Nifty, the key indexes of BSE and NSE, gained a cumulative 17-18% during the year.

In contrast, Hong Kong’s Hang Seng Index experienced a cumulative decline of 32-33%.

While Indian stocks soared, Hong Kong faced a historic slump.

This downturn in Hong Kong impacted some of China’s most influential and innovative listed firms in the region.