Five reasons why India stocks are rallying and could keep going
by Shreyashi Sanyal

CNBC    Translate This Article
14 January 2024

On 14 January 2024 CNBC reported: India's stock markets have staged record-breaking rallies this year [2023], making the country a favorite among its Asia-Pacific counterparts. ...Optimism about India's growth prospects, increased liquidity and greater domestic participation have all contributed to the surge in stock markets. In fact, India's stock market value has overtaken Hong Kong's to become the seventh largest in the world. Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.

As of the end of November, the total market capitalization of the National Stock Exchange of India was $3.989 trillion versus Hong Kong's $3.984 trillion, according to data from the World Federation of Exchanges.

Numbers from the WFE also showed that India's NSE saw more new stock listings than the HKEX. India's stock market had 22 new listings vs. Hong Kong's seven, as of November.

Here are the five reasons why India's stock markets have reached new highs this year:

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