In the morning today, the market value of the Indian stock market reached $ 4 trillion for the first time.

The Indian stock market stood out under the slowdown of the global economic slowdown, which has repeatedly reached a record high.With the surge in individual investors' investment and the recovery of foreign capital inflows, the valuation of the Indian stock market is close to $ 4 trillion (as of December 4th, Beijing time), second only to the United States, India and Japan.

Recently, under the influence of strong macroeconomic data in India and the relaxation of global interest rates, the Indian stock market performed well.

According to the media compiled, the total market value of the Indian stock market has been doubled since the low epidemic in the epidemic in March 2020.As of Monday (December 4), the market value was only one step away from the $ 4 trillion mark.

Last weekend, the Indian People's Party led by Indian Prime Minister Narendra Modi won three key State elections after winning the NSE NIFTY 50 Index of India's benchmark 2.1%on Monday, reaching a record high.The rise on Tuesday, as of the release of 20789.90 points, rose 0.54%.

In March 2020, the downturn during the epidemic caused the NSE NIFTY 50 Index once fell to the level of 7511.10.

In addition, the Indian Sensex Index closed at 2.05%at 68865.12 points, which also reached a record high.

For investors, the victory of the Indian People's Party in local elections has eliminated a political risk factor for them. It also consolidates Modi's status before the national election next year, and more people will bet on government policies to remain coherent.

The Indian stock market has been steadily boosted from the trend of retail investment during the epidemicSimla Investment. This year, overseas funds have also invested $ 15 billion in the Indian stock market.Hyderabad Investment

At the same time, India's young population structure and Premier Modi make a larger share of the global supply chain, and is helping to attract international companies such as Apple to India; a London think tank Office Monetary and Financial Institutions forumNew research also shows that global pension and sovereign wealth management companies are flowing to India.

Thanks to various favorable factors, the Nifty 50 Index has risen nearly 14%this year, ushered in an unprecedented eighth consecutive year;The market index is more than 10 percentage points.

The prosperity of the Indian stock market has also triggered the market's enthusiasm for the IPO, and some new stocks have experienced remarkable gains in recent days.

Tanvi Kanchaan, director of the Indian broker Anand Rathi Shares and Stock Brokers, said, "This year, we see that small and medium -sized stocks have performed well, and they contribute to the recovery of capital expenditure for the overall economy."

Morgan Chase strategist Rajiv Batra and his team wrote in a report recently, "We believe that the recent factors that will promote the market to rise include strong economic activity data, impressive corporate profit data, decline in oil prices, strong price, strong priceDomestic capital flow ""

However, the risk of the Indian stock market may come from its high valuation.Some investors said that they were worried that the stock market valuation was too high, and the transactions in the Indian stock market were too crowded, which increased the possibility of the stock market callback.