The Indian stock market has been up by around 25 percent in 2023, surpassing the overall market valuation of US$4.16 trillion. India stands alongside the top stock markets in the world such as US, China and Japan
THE National Stock Exchange (NSE) of India has surged past the US$4 trillion mark exceeding the valuation of the Hong Kong stock exchange. In the Hindustan Times report by Vaishnawi Sinha on 28th December 2023, the bourse was able to accomplish this in spite of the geoplolitical upheavels and the problems caused by COVID in the last couple of years.
India now is among the top stock markets in the world standing alongside the US, China and Japan. As the fifth highest stock market in the world, India now only ranks behind these countries.
The Indian stock market has been up by around 25 percent in 2023, surpassing the overall market valuation of US$4.16 trillion. India’s market growth in 2023 is the sharpest it has ever seen in the last three years.
Ernst and Young had showed that the Indian stock market had over 150 listings of new companies in first nine months, while Hong Kong had just 42. Sensex also achieved a new high on Wednesday, crossing the 72,000 points mark for the first time in history.
The stock exchanges currently having a higher valuation than the NSE of India are New York Stock Exchange (US), Nasdaq (US), Shanghai Stock Exchange (China), Euronext, Japan Stock Exchange, and Shenzhen Stock Exchange (China). US is currently the leading market across the world, with a total valuation of over $50 trillion. The economic slowdown in the West didn’t stop the US stock exchange from growing, which was up by 22.6 percent this year. China’s stock exchange fell by around by 9 percent in 2023 as the economy recovers from the COVID pandemic.
Source: The Hindustan Times
