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New Delhi. After the formation of the new government at the center, the Indian stock market is setting new high records almost every day. With this, India has once again overtaken Hong Kong in terms of market capitalization and has become the fourth largest stock market in the world.
The market capitalization of all the companies listed on India's major stock exchange BSE has now increased to $5.21 trillion. At the same time, the capitalization of Hong Kong's stock market has come down to $5.17 trillion. In January this year too, India had overtaken Hong Kong in terms of market capitalization and achieved the fourth position in the world.
Due to this, capitalization increased
According to market analysts, there has been a sharp rise in the Indian stock markets during the last few months. Due to which the capitalization of BSE has also increased. Now the Indian markets are also attracting foreign investors and in the coming time, foreign investment may increase. The Nifty of the National Stock Exchange (NSE) has increased by about six percent in the last one month and 11.84 percent in the last six months.
According to analysts, Nifty is expected to reach close to the level of 25,800 in the next 12 months. Last week, BSE Smallcap has gained 5 percent and Midcap has gained 4.4 percent.
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