The Indian stock market has pipped Hong Kong to become the fourth-highest equity market globally, Bloomberg reported.
The combined value of shares listed on Indian exchanges reached USD 4.33 trillion as of Monday's close, versus USD 4.29 trillion for Hong Kong, according to data compiled by Bloomberg.
India's stock market capitalszation crossed USD 4 trillion for the first time on December 5, 2023, with about half of that reportedly coming in the past four years.