{"id":1276907,"date":"2023-12-13T13:54:39","date_gmt":"2023-12-13T08:24:39","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1276907"},"modified":"2023-12-13T13:57:25","modified_gmt":"2023-12-13T08:27:25","slug":"indian-stock-exchange-becomes-worlds-7th-largest-beats-hong-kong-as-valuation-crosses-3-9-trillion","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/indian-stock-exchange-becomes-worlds-7th-largest-beats-hong-kong-as-valuation-crosses-3-9-trillion\/","title":{"rendered":"Indian Stock Market Becomes World’s 7th Largest: Beats Hong Kong As Valuation Crosses $3.9 Trillion!"},"content":{"rendered":"\n

The latest updates<\/a> from India\u2019s stock market indicates that its value has overtaken Hong Kong\u2019s benchmark index.<\/p>\n\n\n\n

\"Indian<\/figure>\n\n\n\n

Indian stock markets became the seventh largest in the world which shows that optimism about the country’s economic prospects is growing day by day, further enduring steady growth.<\/p>\n\n\n\n

India Becomes The Seventh Largest Stock Market<\/strong><\/p>\n\n\n\n

 Considering these figures, the total market capitalization of the National Stock Exchange of India came to $3.989 trillion.<\/p>\n\n\n\n

The numbers came off better than Hong Kong\u2019s $3.984 trillion by the end of November,  as per the data from the World Federation of Exchanges.<\/p>\n\n\n\n

In the meantime, India\u2019s Nifty 50 index has reached another record high on Tuesday.<\/p>\n\n\n\n

Interestingly, this year, the index has jumped 16% and it seems to be headed for its eighth straight year of gains.<\/p>\n\n\n\n

Contrary to this, Hong Kong\u2019s benchmark Hang Seng index has plunged 17% year to date.<\/p>\n\n\n\n

How Did This Happen?<\/strong><\/p>\n\n\n\n

This year, India has been a standout market in the Asia-Pacific region.<\/p>\n\n\n\n

Further the events like increased liquidity, more domestic participation and improving dynamics in the global macro environment in the form of falling U.S. Treasury has given another boost to the country\u2019s stock markets.<\/p>\n\n\n\n

Besides this, the nation is heading towards the general elections next year, which could be another victory for the ruling nationalist Bharatiya Janata Party, according to the  analysts.<\/p>\n\n\n\n

In a client note, HSBC strategists said, \u201cFor the general election, opinion polls and recent state elections indicate that the incumbent BJP-led government may secure a decisive win, which could trigger a bull run in the first three to four months of the year on expectations of policy continuity.\u201d<\/p>\n\n\n\n

According to HSBC, banks, health care and energy are the best positioned sectors for next year.<\/p>\n\n\n\n

Besides this sectors such as autos, retailers, real estate and telecoms are also relatively well positioned for 2024.<\/p>\n\n\n\n

At the same time, fast-moving consumer goods, utilities and chemicals are among those HSBC categorized as unfavorable.<\/p>\n\n\n\n

When it comes to Hong Kong\u2019s Hang Seng index, it is poised to notch a fourth year of declines.<\/p>\n\n\n\n

Not only that, the index is also amongst the worst performers in major Asia-Pacific equity markets.<\/p>\n\n\n\n

Citing the city\u2019s financial, political, institutional and economic ties to mainland China, Moody\u2019s cut its outlook for Hong Kong from stable to negative.<\/p>\n\n\n\n

The news of this downgrade came soon after Moody\u2019s reduced its outlook for China\u2019s government credit ratings to negative to stable.<\/p>\n","protected":false},"excerpt":{"rendered":"

The latest updates from India\u2019s stock market indicates that its value has overtaken Hong Kong\u2019s benchmark index. Indian stock markets became the seventh largest in the world which shows that optimism about the country’s economic prospects is growing day by day, further enduring steady growth. India Becomes The Seventh Largest Stock Market  Considering these figures, […]<\/p>\n","protected":false},"author":27,"featured_media":1276908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4153,101],"class_list":["post-1276907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-indian-stock-exchange","tag-stock-market"],"acf":[],"yoast_head":"\nIndian Stock Market Becomes World's 7th Largest: Beats Hong Kong As Valuation Crosses $3.9 Trillion! - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/indian-stock-exchange-becomes-worlds-7th-largest-beats-hong-kong-as-valuation-crosses-3-9-trillion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian Stock Market Becomes World's 7th Largest: Beats Hong Kong As Valuation Crosses $3.9 Trillion! - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"The latest updates from India\u2019s stock market indicates that its value has overtaken Hong Kong\u2019s benchmark index. 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