India becomes world’s fourth largest stock market

New Delhi: The Indian stock market has surpassed Hong Kong for the first time, achieving another feat for the South Asian country. Due to growth prospects and policy reforms, the Indian stock market became the first choice of investors.

According to a Bloomberg report, the combined market cap of shares listed on Indian exchanges reached $4.33 trillion by the close of Monday, while Hong Kong’s stock market had a total market cap of $4.29 trillion.

With this, India has become the fourth largest equity market globally. Its market cap crossed $4 trillion for the first time on December 5, nearly half of which had come in the last four years.