In a new achievement, India has reclaimed the tag of the fourth largest global equity market from Hong Kong.
The country's market capitalization grew 10 percent to $5.2 trillion (BSE-listed companies).
In comparison, Hong Kong's equity market cap is $5.17 trillion, down 5.4 percent from this year's high of $5.47 trillion.
On a price-to-book basis, India trades at 3 times, while Hong Kong trades at just one.
This comes as the Indian stock market has seen a significant rally in recent months and now it is attracting global funds which is going to accelerate in the near future.
The National Stock Exchange (NSE) benchmark Nifty is up nearly 6 per cent in the last month and 11.84 per cent in the last six months.
According to market analysts, Nifty is expected to reach 25,816 in the next 12 months.
Prabhudas Lilladher Experts predict that the BJP-led NDA government will keep its focus on capital expenditure-driven growth, especially production-linked incentives (PLI), infrastructure development including roads, ports, aviation, defence, railways, etc. In the areas. and green energy.
This expectation is supported by a 20 bps reduction in fiscal deficit for FY2024, normal monsoon forecast and an estimated dividend of Rs 2.1 trillion from the RBI.
Analysts expect the NDA government to focus on farmers, rural, urban poor and the middle class to prevent the impact of new social engineering-cum-freebies in some states in the recent elections.
Meanwhile, the stock market has emerged as a preferred investment destination for retail investors.
According to experts, the main driving force in this bull market is Indian retail investors including HNIs and the huge selling by FIIs is being eclipsed by aggressive buying by DIIs and retail investors.
The country's market capitalization grew 10 percent to $5.2 trillion (BSE-listed companies).
In comparison, Hong Kong's equity market cap is $5.17 trillion, down 5.4 percent from this year's high of $5.47 trillion.
On a price-to-book basis, India trades at 3 times, while Hong Kong trades at just one.
This comes as the Indian stock market has seen a significant rally in recent months and now it is attracting global funds which is going to accelerate in the near future.
The National Stock Exchange (NSE) benchmark Nifty is up nearly 6 per cent in the last month and 11.84 per cent in the last six months.
According to market analysts, Nifty is expected to reach 25,816 in the next 12 months.
Prabhudas Lilladher Experts predict that the BJP-led NDA government will keep its focus on capital expenditure-driven growth, especially production-linked incentives (PLI), infrastructure development including roads, ports, aviation, defence, railways, etc. In the areas. and green energy.
This expectation is supported by a 20 bps reduction in fiscal deficit for FY2024, normal monsoon forecast and an estimated dividend of Rs 2.1 trillion from the RBI.
Analysts expect the NDA government to focus on farmers, rural, urban poor and the middle class to prevent the impact of new social engineering-cum-freebies in some states in the recent elections.
Meanwhile, the stock market has emerged as a preferred investment destination for retail investors.
According to experts, the main driving force in this bull market is Indian retail investors including HNIs and the huge selling by FIIs is being eclipsed by aggressive buying by DIIs and retail investors.
