Indian bourses now fourth-largest with combined stock value of $4.33 trillion
- January 24, 2024
- Posted by: OptimizeIAS Team
- Category: DPN Topics
No Comments
Indian bourses now fourth-largest with combined stock value of $4.33 trillion
Subject :Economy
Section: Capital Market
Context:
- The Indian stock market surpassed Hong Kong to become the fourth largest equity market for the first time even as domestic indices fell 1.5 per cent on Tuesday.
More on news:
- According to a Bloomberg report, the combined value of listed shares on Indian exchanges stood at $4.33 trillion on Monday compared to $4.29 trillion for Hong Kong.
- The US, China and Japan are the top stock markets in the world.
- BSE’s market capitalisation was Rs 366 lakh crore on Tuesday.
- It is a testament to the nation’s economic fortitude and signals a promising trajectory for investors navigating the diverse and vibrant landscape of the Indian stock market
Fall of HongKong:
- Hong Kong’s fall was mainly due to an eroding China appeal.
- It lost nearly 36 per cent from the peak level.
- A significant trend in global economic growth now is the underperformance of China and the outperformance of India, according to analysts.
- As the Chinese stocks listed in Hong Kong have crashed, the Hang Seng index is near a 19-year low.
Various other Benchmark indexes:
- Japan’s Nikkei
- South Korea’s Kospi
About Indian stocks:
- Indian stock markets rallied by 20 per cent in 2023 amid higher foreign inflows and growth prospects.
- This momentous milestone underscores the resilience and dynamism of India’s economic landscape.
- As the nation forges ahead, investor confidence and opportunities converge, propelling the stock market to new heights.
India’s Benchmark indexes:
- India’s benchmark indices BSE Sensex and Nifty50 ended Tuesday’s session in red with 1.47 per cent and 1.54 percent loss at 70,370.55 and 21,238.80 marks respectively.
- The Rupee weakens 9 paise to close at 83.16 against the dollar. The Indian currency had closed at 83.06 against the American currency last week.
About BSE:
- BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange.
- It is located on Dalal Street in Mumbai.
- It was established in 1875 by cotton merchant Premchand Roychand.
- It is the oldest stock exchange in Asia, and also the tenth oldest in the world.
- The BSE is the world’s 8th largest stock exchange.
About NSE:
- National Stock Exchange of India Limited is one of the leading stock exchanges in India.
- It is based in Mumbai.
- The National Stock Exchange of India Limited (NSE) is India’s largest financial market.
- It was incorporated in 1992.
- The NSE has developed into a sophisticated, electronic market, which ranked fourth in the world by equity trading volume.
- NSE is under the ownership of various financial institutions such as banks and insurance companies.
- EMERGE Platform:
- EMERGE is a credible , efficient market place aimed at the convergence of investors and emerging corporates in the country.
- It offers opportunities to informed investors to invest in emerging businesses with exciting growth plans
- It helps SMEs and startups to connect with investors for funding.
About NIfty 50
- The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.
- Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited.