[CNMO News] On January 23, CNMO learned that according to media statistics, this Monday, the total market value of the Indian stock market surpassed the Hong Kong stock market for the first time and became the fourth largest stock market in the world.Data show that as of the closing of Monday, the total value of the Indian exchange stocks reached US $ 4.33 trillion, while the market value of the Hong Kong Stock Exchange's listing stocks was $ 4.29 trillion.This means that the Indian stock market surpasses Hong Kong and has become the fourth largest stock market in the world.Simla Investment
Wall Street institutions such as UBS and Bernstein believe that the Indian stock market is already high, and the Indian stock market is expected to recover this year, which means that the Hong Kong stock market has hopes to regain its position in the world's fourth largest stock market this year.Axis Mutual Fund's chief investor in Mumbai Ashish Gupta said: "India has all the appropriate factors that further promote the growth momentum." In 2023, overseas funds invested more than $ 21 billion in the Indian stock market to helpThe country's benchmark S & P BSE Sensex Index has risen for the eighth consecutive year.Ahmedabad Stock
In 2023, the number of IPOs in the Hong Kong stock market and total fundraising was 73 and 46.29 billion Hong Kong dollars, respectively, down 9.6%and 53.5%compared with the same period last year, a new low in ten years, and fell out of the world's top three IPO financing market sequences.However, some Wall Street strategists predict that Hong Kong stocks may overtake India this year and regain their position in the world's fourth largest stock market.
UBS analysts predict that the Indian stock market (A shares and Hong Kong stocks) in 2024 will be better than the Indian stock market because according to a report in November last year, the Indian stock market valuation has been quite low.This shows that once the market emotional changes have changed, the Indian stock market has huge increased potential, and the valuation of the Indian stock market is already at a "extremely extreme level."
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