The Indian market capitalization crossed $4 trillion!

The country's market capitalization crossed $4 trillion and is now ranked fourth in the world, behind only the U.S., China, and Japan

India added one crore new investors, with trading in equity options growing the most.

NSE India Global Ranking?

India is ranked 4th in the world in terms of market capitalization.

The investor base in the stock market rose from 7 crore to 8 crore in the eight months through September, according to a report from the National Stock Exchange.

The country's market capitalization crossed $4 trillion and is now ranked fourth in the world, behind only the U.S., China, and Japan. The benchmark Nifty 50 surpassed the milestones of 20,000 on Sept. 11 and 21,000 on Dec. 8, 2023.

In derivatives trading, India ranks on top, with a 65% share in the number of currency derivatives contracts and 61% in derivatives across all asset classes, according.

The total number of trades rose 134% in equity options, while equity futures, current futures, and commodity options recorded a decline. Commodity options saw a maximum fall of about 32% over the previous year.

Similarly, the total turnover and the daily average turnover of equity options rose the most in 2023, at 30% and 33%, respectively.

Disclaimer: We're not SEBI-registered investment advisors and here I'm sharing our personal views on the market as per the public domain data available for all.

Article Source: NDTV Profit

Article Public Date & Time: 27 Dec 2023, 08:57 PM IST