** Financial Association, December 12 (Editor Bian Chun) With the increase in people’s optimistic emotions for India’s economic prospects, the market value of the stock market on the largest Indian Exchange India Stock Exchange (NSE) has exceeded the Hong Kong Stock Exchange, becomingThe seventh largest exchanges in the world.
According to data from the World Exchange Federation (WFE), as of the end of November, the total market value of the Indian State Stock Exchange stocks was US $ 3.989 trillion, while the total market value of the Hong Kong Stock Exchange’s listing stocks was US $ 39,84 trillion.
From the perspective of the total market value of listed stocks, the Indian State Stock Exchange currently ranks after the New York Stock Exchange, the Nasdaq Stock Exchange, the Mumbai Stock Exchange, the European Union Exchange, the Tokyo Stock Exchange, and the Shenzhen Stock Exchange.
India’s main benchmark stock index NSE NIFTY 50 index hit a new high on Monday.So far this year, the index has risen by nearly 16%, which is expected to have recorded rising for the eighth consecutive year.Mumbai Stock Exchange
Although the global economy is currently facing reverse winds, according to data from the International Monetary Fund (IMF), India is the fastest -growing large economy in the world this year. It is expected that economic growth will reach 6.3%this year.
International rating agencies S & P Global recently stated in the report that India will still be the fastest -growing economy in the world in the next three years, and it is expected to be the third largest economy in the world in the 2030 Super Car Japan and Germany.
The Indian stock market is one of the most prominent markets in the Asia -Pacific region this year.The increase in liquidity, increased domestic participation, and decline in US Treasury yields, etc., have boosted the Indian stock market.
In contrast, the Hang Seng Index Hang Seng Index in Hong Kong has fallen 18%so far this year.The index may record the fourth consecutive year this year, which is the worst performance in the major Asia -Pacific stock market.
These sections are expected to perform bright next year
India will hold a general election next year.Analysts predict that the ruling party’s Indian People’s Party may win again in the election.This is expected to keep India’s policy prospects stable, thereby facilitating the Indian stock market.
"As far as elections are concerned, public opinion surveys and recent state elections show that the current government -led government -led government may win a decisive victory. Policies will maintain a continuous market expectation in a round of bull market three to four months next year."HSBC strategist said in a customer report.
HSBC said that banks, healthcare and energy are expected to become the best performance for next year.
The prospects of automobiles, retailers, real estate and telecommunications are relatively good in 2024, while fast consumer goods, public undertaking and chemical industries have performed or poor.
Right now, foreign capital is quite optimistic about the prospects of the Indian stock market.Goldman Sachs raised the rating of the Indian stock market to "increase holdings" last month, saying that it has "the best structural growth prospects in the region".Nomura Holdings maintains a "increase" proposal to the Indian stock market in the latest Asian (except Japan) strategic report, and stated that from a structural point of view, assuming that politics/policies are continuous, it is recommended to buy Indian stocks every bit.
Udabur Wealth Management