India's stock market hit a $4 trillion valuation for the first time on Tuesday, per Bloomberg.
It's narrowing the gap with Hong Kong, the world's fourth-largest stock market.
AdvertisementThe value of companies listed on India's stock exchanges hit $4 trillion for the first time on Tuesday – narrowing the gap with Hong Kong, Bloomberg reported.
Hong Kong is the world's fourth-largest stock market, but is now worth less than $4.7 trillion following an 18% slide in the Hang Seng Index this year.
The Indian market was worth less than $1.5 trillion in pandemic-affected 2020, according to Bloomberg, but has since made significant gains.
Persons:
—, Narendra Modi, Sanjeev, Sharekhan, Goldman Sachs
Organizations:
Bloomberg, Service, Reuters, IMF, Apple
Locations:
Hong Kong, India, China, Japan