India Becomes 4th Biggest Equity Market Globally Overtaking Hong Kong

New Delhi: The Indian stock market overtook Hong Kong’s bourse in terms of the combined value of shares listed on the two exchanges. With it India became the fourth-biggest equity market in the world.

The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday’s close, versus $4.29 trillion for Hong Kong, according to Bloomberg.

India’s stock market capitalisation crossed $4 trillion for the first time on December 5, with about half of that coming in the past four years.

Barring the recent slump of three days last week and this week on Tuesday, the Indian equity market has experienced an unstoppable bull run for the entire 2023. It made Sensex and Nifty to reach all-time highs.

But the Indian stock market crossing the Hong Kong market is also due to a major slump there. Hong Kong’s stock market is facing a slide in the value of shares of Chinese firms listed there.