India's Stock Market: A Hidden Gem with Surprising Insights

The Indian stock market has achieved remarkable growth over the past two decades, driven by a customer base of 70 million unique registrations.

The National Stock Exchange (NSE) has established a near-monopoly in equity Futures and Options (F&O) trading, with over two-thirds of its trading revenue now stemming from this segment. NSE has also reigned as the largest exchange globally in terms of the number of F&O contracts traded over the past three years.

While Indian markets have performed relatively similarly to their US counterparts over the past decade, there are some key differences. The US stock market is much larger than the Indian market, with a combined market capitalization of approximately 8.33 trillion dollars. The valuation of the Indian market is also higher, with a PE ratio of 33.13 compared to the DJIA’s PE ratio of 16. This suggests that the market anticipates faster earnings growth for Indian companies.

One surprising example of the difference in size and liquidity between the US and Indian markets is the fact that Microsoft’s average daily market turnover can sometimes exceed the entire NSE’s market turnover. This underscores the immense liquidity and dynamism of both the US tech giant and India’s financial markets.

To learn in detail about the surprising insights into the Indian and US stock markets, read the full article here: (Surprising figures in NSE | Angel One)]