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The value of the National Stock Exchange of India is poised to take Hong Kong’s spot among the world’s largest trading venues, in a rise analysts say attests to investors’ optimism about the economic prospects of the world’s most populous country.
The total market capitalisation of companies listed on the NSE was $3.7tn as of the end of October, according to the World Federation of Exchanges, a trade association of publicly regulated stock markets, compared with the Stock Exchange of Hong Kong’s $3.9tn.
Since that data was produced Indian share prices have surged further as a result of strong earnings and optimistic growth projections, putting it on track to become the world’s seventh largest after markets in the US, China, the EU and Japan.
Meanwhile share prices in Hong Kong have fallen as…
