India surpasses Hong Kong in terms of stock trading volumes


Content Team
Image Credit: newsbytes

India's National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have outperformed the Hong Kong Exchange (HKE) in trading volumes. They now have a one-month average daily turnover (ADTV) of $16.5 billion compared to HKE's $13.1 billion. The achievement follows India's rise to the fourth-largest equity market in terms of market value last month. The Nifty Midcap 100 and Nifty Smallcap 100 have soared by 60% and 74% since last year. The benchmark Nifty 50 index went up by 23%.