India, Dec. 28 -- Despite geopolitical disturbances and the impact of the Covid pandemic over the last couple of years, the Indian stock market has achieved a new feat by crossing the $4 trillion valuation mark recently, closing in on the value of the Hong Kong stock exchange.

Now, India has joined the ranks of stock market superpowers across the world, a title which was only held by the United States, China, and Japan. Being the fifth highest stock market in the world, India now only ranks behind these through countries.

The Indian stock market has been up by around 25 percent this year, crossing the overall market valuation of $4.16 trillion. Meanwhile, Hong Kong's Hang Seng Index has plunged nearly 19% this year, likely to fall behin...