India is now world's fourth-largest stock market by market capitalization
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India on Tuesday surpassed Hong Kong, becoming the world's fourth-largest stock market by market capitalization. As of January 23, India's market cap reached $4.33 trillion, while Hong Kong's stood at $4.29 trillion, according to Bloomberg. The US continues to lead with a market cap of $50.86 trillion, followed by China at $8.44 trillion and Japan at $6.36 trillion.