India Overtakes Hong Kong to Become World’s 4th Largest Stock Market.

Economy & Business | Dated: 20 Jan 2026

The Indian stock market has overtaken Hong Kong to become the fourth-largest equity market globally by market capitalization. The combined value of shares listed on Indian exchanges reached $4.33 trillion, surpassing Hong Kong's $4.29 trillion. The growth is fueled by a robust domestic economy and increased foreign investment.

🎯 Key Highlights:

  • The US remains the world's largest stock market, followed by China and Japan.
  • India's market capitalization crossed the $4 trillion mark for the first time in December 2025.
  • Hong Kong's market has faced a slump due to China's economic slowdown.

💡 Other Important Facts:

  • Rank: 4th Largest Market.
  • Country: India.
  • Surpassed: Hong Kong.

📚 Test Your Knowledge:

Which country recently overtook Hong Kong to become the world's fourth-largest stock market by market capitalization?

Correct Answer: India

🚀 Quick Recap:

About SEBI

  • Chairperson – Madhabi Puri Buch
  • HQ – Mumbai