Leaders Online Desk : BSE MCAP : Indian stock market has boomed. Mcaps of all BSE listed companies have once again surpassed Hong Kong. With this, India has become the fourth largest equity market in the world.
The value of stocks on Indian exchanges reached $5.18 trillion on Friday (Dec 14), according to Bloomberg data. So, this figure of Hong Kong market was 5.17 trillion dollars. With this, India has become the fourth largest equity market in the world. The US is the world's largest market with $56.49 trillion, followed by China ($8.84 trillion). Japan is in third place with $6.30 trillion.
Hong Kong was also overtaken earlier
BSE outperformed Hong Kong on January 23 this year, but later Hong Kong's Hang Seng index rose more than 12 percent. He then came back to fourth place. It entered a bull market with a gain of about 20 percent since January.
Effect of election results on stock market
Lok Sabha elections were recently held in India. Meanwhile, the Indian stock market is seeing a lot of ups and downs after the election results. On June 4, the market fell more than 6 percent. But since then the market has steadily increased and reached record highs.
