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.Mumbai Wealth Management
However, 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.
The Indian stock market has continued to rise in recent years
Due to the rapid increase in Indian retail investors and the strong profit performance of Indian companies, the Indian stock market has been booming in recent years.On December 5 last year, the market value of Indian stocks exceeded $ 4 trillion for the first time, and about half of the market value was achieved in the past four years.Hyderabad Wealth Management
India’s growth prospects and policy reforms have made it the darling of global investors.This country with the largest population in the world has positioned itself as "the next India", hoping to copy the path of the Indian economy rapidly.Guoabong Wealth Management
Axis Mutual Fund’s chief investor in Mumbai Ashish Gupta said: "India has all the appropriate factors to further promote the growth momentum."
In 2023, overseas funds invested more than $ 21 billion to the Indian stock market, helping the country’s benchmark S & P BSE Sensex Index for the eighth consecutive year.
Guillaume Jaisson and Peter Oppenheimer, Guillaume Jaisson, wrote last week: "People clearly believe that India is the best long -term investment opportunity."Varanasi Wealth Management
Hong Kong stocks are expected to overtake this year
While the Indian stock market continued to rise, the Hong Kong stock market has continued to decline in the near future.Multiple factors such as the impact of the new crown epidemic, the real estate industry crisis and geopolitical risks have superimposed, which has weakened the attractiveness of the Hong Kong stock market to investors.
At the same time, with the weakness of the general trend, the issuance of new shares in Hong Kong has significantly decelerated, which is no longer the world’s largest IPO market.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."
The report released by Bernstein earlier this month also shows that the company is expected to recover from the Indian stock market and recommend a profitability for the Indian stock market.The company also believes that the Indian stock market is currently too expensive.Agra Stock
Surat Investment
