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Last month there was news that India has now become the fourth largest stock market in the world in terms of market cap. Who else is ahead of us?
You are correct. We got such good news only in the last week of January this year. At that time, when the bullish phase of the market had started, the market cap of the Indian stock market had reached 4.3 trillion dollars. At the same time the total market cap of the Hong Kong stock market was $4.29 trillion. That’s it, we overtook him and took fourth place. At present, America is number one in the world, whose market cap is about 51 trillion dollars. China is in second place with a market cap of $8.5 trillion. Japan’s market cap is currently around $6.5 trillion. After that our turn comes. When will we overtake Japan and reach third place?
Only time will tell. (laughs) My prediction is also as bad as yours. Experts in this field say that if the Indian stock market continues to grow at this rate, we will leave Japan behind in the next 13-14 years. But it is also worth keeping in mind that the other person is also not sitting silent. He is also working. He will also try to put himself ahead. GST has been implemented as One Nation One Tax. At present there is talk of One Nation One Election. Is One Nation One Exchange even possible?
Nothing is impossible in the world. As far as One Nation One Exchange is concerned, it all depends on the government. There are many countries in the world where multi exchanges work. There are many exchanges in America also. But an exchange has taken place in Japan. Earlier there used to be Osaka and Tokyo. Now Japan Stock Exchange is functioning. Earlier 50-60 stock exchanges used to function in China. Now there are 2-3. When technology changes, many things change. Anyway, maintaining so many exchanges is not easy. America is number one in the market cap of the stock market. But NSE in derivatives trading. What is behind this success?
Behind this success is the faith of the people. Now you will ask where did this belief come from? So this belief has come from the way we work. From our transparency. We provide every type of information to our investors. The activism of the stock market regulator in India is also not hidden from anyone. People think that their money is safe in the stock market. But here you must keep one thing in mind. NSE is number one in derivatives trade. Because there are more small transactions here. The number of transactions in America is less, but huge transactions take place. Therefore the volume there is not only more than ours but also much more. The order there is big, our order is small. A study by SEBI has revealed that 90 percent people suffer loss in derivative trade. Then why do you promote it? Why not turn it off?
We do not promote any trade separately. We provide the platform for that trade. As far as derivatives trading is concerned, our view is that small investors should not enter into it. This is a very fast moving market and calls have to be taken within seconds. Small investors do not have the skills to handle this. Only those who have skills can handle the situation in this market, who keep upgrading their skills continuously. Why should we stop those who have this skill? We provide platform to everyone. This is basically the work of traders who buy in the morning and sell in the evening. Small investors should become investors, not traders. Trading is the work of highly skilled people. This work should be left to them. Then what should small investors do? Shouldn’t he make money from the stock market?
There are ample opportunities for small investors to make money from the stock market. Take that time to learn this skill. If they don’t have time and skills, there are mutual funds for them. Equity market returns are also available in that. Such investors should invest in the stock market through mutual funds. If you are very afraid then put a stop loss in it. This reduces the loss. What is your message to small investors?
What I say to small investors is that you earn money with great hard work. Therefore, do not invest it somewhere where there is a high risk of drowning. Certainly not in derivatives trade. If you invest in the stock market, keep your eyes and ears open at all times. Understand the pulse of the market. We also keep sending information to investors from time to time. Read it, understand it. We will have to give time for this. Whatever decision a small investor takes, take it after thinking very carefully. No one holds hands and says invest here. The decision to invest lies with the investor.
2024-04-22 04:27:45
The Indian Stock Exchange is now being counted among the leaders not only in the Asia-Pacific region but in the entire world. It’s only been a few months since we left Hong Kong behind. Hub Indian stock market has become the fourth largest market in the world in terms of market cap. If we talk about derivatives market, our NSE has become number one in the world.
highlights
- Indian stock market is expanding rapidly
- We have recently overtaken Hong Kong in this matter
- We are already number one in the derivatives market
Mumbai: At present, new records are being made every day in the share market. In January this year, the Indian stock market has left Hong Kong behind. Now India has become the fourth largest stock market worldwide. But still three countries of the world are ahead in the market capitalization (Market Cap) of the stock market. Ahead of us are Japan, China and America. When will we leave Japan behind in this matter, Shishir Chaurasia, Business Editor, Navbharat Times Digital, asked the MD & CEO of National Stock Exchange. Ashish Kumar Chauhan Had a long conversation with. Here are the edited excerpts of this conversation:-
You are correct. We got such good news only in the last week of January this year. At that time, when the bullish phase of the market had started, the market cap of the Indian stock market had reached 4.3 trillion dollars. At the same time the total market cap of the Hong Kong stock market was $4.29 trillion. That’s it, we overtook him and took fourth place. At present, America is number one in the world, whose market cap is about 51 trillion dollars. China is in second place with a market cap of $8.5 trillion. Japan’s market cap is currently around $6.5 trillion. After that our turn comes.
Only time will tell. (laughs) My prediction is also as bad as yours. Experts in this field say that if the Indian stock market continues to grow at this rate, we will leave Japan behind in the next 13-14 years. But it is also worth keeping in mind that the other person is also not sitting silent. He is also working. He will also try to put himself ahead.
Nothing is impossible in the world. As far as One Nation One Exchange is concerned, it all depends on the government. There are many countries in the world where multi exchanges work. There are many exchanges in America also. But an exchange has taken place in Japan. Earlier there used to be Osaka and Tokyo. Now Japan Stock Exchange is functioning. Earlier 50-60 stock exchanges used to function in China. Now there are 2-3. When technology changes, many things change. Anyway, maintaining so many exchanges is not easy.
Behind this success is the faith of the people. Now you will ask where did this belief come from? So this belief has come from the way we work. From our transparency. We provide every type of information to our investors. The activism of the stock market regulator in India is also not hidden from anyone. People think that their money is safe in the stock market. But here you must keep one thing in mind. NSE is number one in derivatives trade. Because there are more small transactions here. The number of transactions in America is less, but huge transactions take place. Therefore the volume there is not only more than ours but also much more. The order there is big, our order is small.
We do not promote any trade separately. We provide the platform for that trade. As far as derivatives trading is concerned, our view is that small investors should not enter into it. This is a very fast moving market and calls have to be taken within seconds. Small investors do not have the skills to handle this. Only those who have skills can handle the situation in this market, who keep upgrading their skills continuously. Why should we stop those who have this skill? We provide platform to everyone. This is basically the work of traders who buy in the morning and sell in the evening. Small investors should become investors, not traders. Trading is the work of highly skilled people. This work should be left to them.
There are ample opportunities for small investors to make money from the stock market. Take that time to learn this skill. If they don’t have time and skills, there are mutual funds for them. Equity market returns are also available in that. Such investors should invest in the stock market through mutual funds. If you are very afraid then put a stop loss in it. This reduces the loss.
What I say to small investors is that you earn money with great hard work. Therefore, do not invest it somewhere where there is a high risk of drowning. Certainly not in derivatives trade. If you invest in the stock market, keep your eyes and ears open at all times. Understand the pulse of the market. We also keep sending information to investors from time to time. Read it, understand it. We will have to give time for this. Whatever decision a small investor takes, take it after thinking very carefully. No one holds hands and says invest here. The decision to invest lies with the investor.
About Shishir Chaurasia
Shishir ChaurasiaShishir Kumar Chaurasia is currently working as Business Editor with NBT.in. He has 24 years of experience in financial journalism. Earlier, he covered central government ministries for Amar Ujala, Dainik Bhaskar, Univarta and Rajasthan Patrika. He has also worked in Divya Himachal, Dharamshala and Panchkula (Haryana)…. Read More
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