India's share market becomes the fourth largest market in the world, Hong Kong also left behind in the race

According to a Bloomberg report, the Indian stock market has overtaken Hong Kong to become the fourth-largest equity market globally.

As of Monday's end, the aggregate value of stocks listed on Indian markets was US$4.33 trillion, as disclosed by Bloomberg. Hong Kong had a 4.29 trillion US dollar share at the same time.

On December 5, 2023, the stock market capitalization of India surpassed US$4 trillion for the first time. This has happened in the last four years by almost half. The US, China, and Japan stock markets are the top three in the globe.

Excellent returns were obtained by investors who made purchases in the Indian stock market throughout the previous 12 months. Still, there are regular swings in the stock market. Investors in the stock market made good financial dividends in 2023.

At the same time, Sensex and Nifty increased by 17-18 per cent in 2023. Whereas, in the year 2022, Sensex and Nifty had increased by only 3-4 per cent.

According to data from Bloomberg, the benchmark Hang Seng index for Hong Kong has decreased by 32–33 per cent overall during the previous 12 months.

The nation's economy is expanding at the quickest rate. Globally, central banks have tightened their monetary policies. India, meanwhile, has painted a positive image.

The recent surge in foreign portfolio investors' (FPIs') capital has also contributed to the all-time highs reached by stocks. Once more, outside portfolio investors are focusing on India.

After this, he started buying stocks at a net profit. The benchmark stock indices in India have recently risen to all-time highs following this influx.