According to data from the World Exchange Federation, the Indian stock market has rebounded at the end of last year. The company's market value of the company listed on the Indian Exchange exceeds $ 4 trillion, and is currently second only to the United States, India and Japan.

According to Refinitiv's data (Refinitiv is one of the world's largest financial market data and infrastructure providers), the market value of the listed company in the Indian exchange reached 39,900 in late November in late November.The US dollar replaced the Hong Kong Stock Exchange (US $ 3.98 trillion) to become the seventh largest exchange in the world.

The Indian stock market soared, and the market value reached 3.99 trillion US dollars in November

There are two main exchanges in India: the Indian Stock Exchange (NSE), and the oldest exchanges in Asia (formerly known as the Mumbai Stock Exchange). Of course, NSE has already surpassed the BSE as the idea of ​​the Indian Stock Exchange.The Indian benchmark SENSEX index that tracks 30 large companies has risen by more than 16%this year, and the wider Nifty 50 Index rose by more than 17%during this period.

Mumbai's Indian State Stock Exchange (NSE) building

The Indian Stock Exchange has experienced unprecedented prosperity this year.According to Ernst & Young, 150 companies were listed here nine months before 2023, while there were only 42 Hong Kong in the same period.

Analysts said that the surge in the Indian stock market reflects the strength and potential of the world's fastest growing major economies.The International Monetary Fund (IMF) is expected to grow by 6.3%this year, but some economists say that growth may be close to 7%Mumbai Stock Exchange

Although the Indian economy has moved forward, investors are also worried about the general election in the first half of 2024.The uncertainty and difficult global macro environment related to the election may cause a decline in the Indian stock market in the next 3-6 months.Of course, most people think that the Indian People's Party, which is governed by Modi, will definitely win.Because Modi has worked hard to create employment opportunities for his huge labor population since he became the Prime Minister in 2014, and provides sustainable and inclusive growth paths, making India stronger, so it is welcomed by the public.