Indian bourses now fourth-largest with combined stock value of $ 4.33 trillion, surpasses Hong Kong
- India's stock market has overtaken Hong Kong’s for the first time in another feat for the South Asian nation
Key Highlights
- Its growth prospects and policy reforms have made it an investor darling.
- The combined value of shares listed on Indian exchanges reached $4.33 trillion versus $4.29 trillion for Hong Kong
- According to data compiled by Bloomberg. That makes India the fourth-biggest equity market globally.
- Equities in India have been booming due to a growing retail investors base and corporate earnings.
- The world's most populous country has become a global place for global investors.
- The growing rally in the Indian stock market has coincided with a historic slump in Hong Kong.
Stock Market
- Stock markets are venues where buyers and sellers meet to exchange equity shares of public corporations.
- Stock markets are components of a Free-Market economy because they enable democratized access to investor trading and exchange of capital.
- A free-market economy is an economic system in which the prices of goods and services are determined by supply and demand, without interference from government regulation.
- India has two stock exchanges – the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
- SEBI is the regulator of the securities market in India. They set the legal framework and regulate all entities interested in operating in the market.
Prelims Takeaway
- National Stock Exchange
- SEBI