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Another feather in India’s m-cap: D-Street turns 5th biggest market with 3.8% share of global market cap
The difference between the market cap of Hong Kong and India has narrowed sharply to $500 billion compared with $1.9 trillion a year ago. India’s market cap is up 0.52 percentage point in 2023 following the relentless domestic market rally that has lifted benchmark indices by 16%. India’s long-term average share in global market cap is 2.6%.
