The surge in stocks has happened due to excess global liquidity pumped in by the governments and central banks across the globe, through stimulus packages. Since economy was on a standstill, a lot of this liquidity found its way to global stock markets.This led to a massive surge in the wealth of investors, despite the economies across the world being in tatters and the continued onslaught of COVID-19.
China was the only major economy not to witness a recession in 2020, despite being the origin of the global pandemic. The country’s stock exchange – Shanghai Stock Exchange – is the world’s third largest stock exchange
Based in Mumbai – a major financial hub of India, which is one of the fastest growing economies in the world – the NSE is a sure shot entrant in the top 10 list globally. It was formed in 1992 as the country’s first dematerialised electronic exchange.