Did India overtake Hong Kong to become the world's 7th largest stock market? (2024)

Did India overtake Hong Kong to become the world's 7th largest stock market?

India overtakes Hong Kong to become the world's seventh largest stock market. As of the end of November, the National Stock Exchange of India was valued at $3.989 trillion versus Hong Kong's $3.984 trillion.

Did India beat Hong Kong in stock market?

According to Bloomberg data, India's market cap reached $4.33 trillion, beating Hong Kong's $4.29 trillion market cap. While the US leads the global stock market, China with a market cap of $8.44 trillion and Japan at $6.36 trillion lead India in the second and third place, respectively.

Is India stock market bigger than Hong Kong?

India's stock market has overtaken Hong Kong's to rank as fourth-biggest equity market globally for the first time, Bloomberg reported.

Is India now the 5th largest stock market in the world?

India's market cap is currently the 5th largest globally ($4.5 trn) but India's weight in global indices is still low at 1.6 per cent (10th rank). “This should change as market free float rises and some weight anomalies get sorted out.

Did India overtake Hong Kong Bloomberg?

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 data compiled by Bloomberg. That makes India the fourth-biggest equity market globally.

Is Indian stock market biggest in the world?

India Climbs the Ranks

India's total market capitalization rose above $4 trillion for the first time ever in early 2024, cementing the country as the world's fourth largest equity market.

Is India overtakes Hong Kong as 4th largest market?

India's stock market has pipped Hong Kong for the first time. The combined value of shares listed on Indian exchanges hit $4.33 trillion as of Monday's close, against $4.29 trillion for Hong Kong, according to data compiled by Bloomberg, making India the fourth-biggest equity market globally.

What is the largest stock market in the world?

There are approximately 55,214 listed companies worldwide as of December 2023. Though the Americas and Europe have large numbers of listed companies, significant growth comes from Asia. The largest stock exchange in the world is the New York Stock Exchange.

What is the world's largest stock market?

New York Stock Exchange

But it has remained the largest stock exchange in the world by market capitalisation ever since the end of World War I, when it overtook the London Stock Exchange. In 2012, the NYSE was taken over by an American futures exchange group, Intercontinental Exchange.

Which is the richest stock market in the world?

Currently, the US is the world's biggest market with a mcap of $50.86 trillion, followed by China with a mcap of $8.44 trillion and Japan at $6.36 trillion. Indian stocks reached new highs in 2023 due to bullish investors and increased domestic participation.

Why is Indian stock market so high?

As per the Indian stock market observers, the Indian equity market is rising because of various reasons, which include US Fed rate cut buzz, ample liquidity in the market, strong global market sentiments, strong Q4 results 2024, and expected trend reversal in the Chinese economy.

Who is No 1 in Indian stock market?

Top 10 Companies by Market Cap in India

Our list is headed by Reliance Industries, to probably no one's surprise.

What is the market rank of India?

Will India surpass China?

India to overtake China as world's most populous country in April 2023, United Nations projects | United Nations.

Is India still doing business with China?

India and China trade reached record levels in 2023, said the Chinese envoy to India, indicating that bilateral trade had surpassed 2022 figures despite a slowdown mid-year.

Why Wall Street is snubbing China for India?

Investors are paying close attention to the contrasting trajectories of two of Asia's greatest powers. India, the world's fastest-growing major economy, has vastly expanded infrastructure under Prime Minister Narendra Modi in his bid to lure global capital and supply lines away from Beijing.

Who is the king of the share market in the world?

Warren Buffett is often considered the world's best investor of modern times.

Is India 4th largest stock market?

India becomes fourth-largest equity market globally, overtaking Hong Kong.

Why is Indian stock market so low?

However, there are some other reasons like rising US dollar and Treasury yields, FIIs selling, falling Indian National Rupee (INR), and rising crude oil prices that have fueled the selling pressure in the Indian stock market."

Why is Hong Kong stock market so big?

Growth in Hong Kong's markets is fueled by listings of mainland Chinese companies. These securities are referred to as H-shares on the HKG. Their rapid development has gone hand-in-hand with the enormous economic rise of the country.

Why is Hong Kong stock exchange so big?

Hong Kong Stock Exchange Explained

The growth has been fueled by the progressive development of the Mainland China market, with more companies from the mainland being listed.

Why is Hong Kong market falling?

China worries hit Hong Kong markets

China's beleaguered property sector has been a source of worry for investors, which has also affected Hong Kong. Many Chinese real estate stocks including Evergrande Group and Country Garden are listed on the HKEX.

What are the 5 largest stock markets in the world?

What is the No 1 stock in the world?

Microsoft is the largest company in the world, with a market cap of $3.13 trillion. It's followed by Apple ($2.65 trillion), Nvidia ($2.26 trillion), Saudi Arabian Oil ($1.98 trillion), and Amazon ($1.89 trillion).

Who is the king of stock market in USA?

Warren Edward Buffett (/ˈbʌfɪt/ BUF-it; born August 30, 1930) is an American businessman, investor, and philanthropist who currently serves as the co-founder, chairman and CEO of Berkshire Hathaway.