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English Specials Hello, Login Premium My Alerts Moneycontrol Go PRO @₹99 Advertisement RemoveAd Elections 2024 Markets News IPL 2024 Tech Portfolio Watchlist Commodities Mutual Funds PersonalFinance Forum Videos InvestNow Go AdFree Business Markets Stocks Economy Companies Trends IPO Opinion EV Special CheckCreditScore HomeNewsBusinessEarnings India market-cap at striking distance from Hong Kong. How long before India overtakes? With the steady rise in Indian stocks taking BSE’s market-cap to 5 trillion, it is nowwithin striking distance of Hong Kong, which commands a market-cap of 5.39 trillion currently Ravindra Sonavane May 23, 2024 / 02:41 PM IST Market Since April, Hong Kong's Hang Seng Index has surged over 12 percent, emerging as the world's top-performing major index, pushing it into bull market territory, up nearly 20 from its January low With the steady rise in Indian stocks taking BSE’s market-cap to5 trillion, it isnow within striking distance of Hong Kong, which commands a market-cap of5.39 trillion currently. NSE’s market-cap stands slightly short of 5 trillion, at 4.95 trillion. India thus occupies the Number 5 slot, after the US, China, Japan, and Hong Kong, in the peckingorder of top stock exchanges in the world interms of market-cap. This milestone of 5 trillion market-cap achieved on May 22 marks a significant moment in India's economic rise. It signals India's growing economic strength and potential to challenge establishedfinancial centers, experts said. Deepak Jasani, head of retail research at HDFC Securities, emphasizes that the recent recovery in the Hong Kong and Chinese markets has boosted their market-cap. However, analysts anticipate India will eventually surpass Hong Kong, albeit the time frame remains uncertain. Factors such as economic growth differentials and corporate profitability will play a significant role in bridging the gap, Jasani said. “The present administration coming back to power will further accelerate economic growth and sustain the momentum,” he said. This could help bridge the 388billion market-cap sooner than later. Since April, Hong Kong's Hang Seng Index has surged over 12 percent, emerging as the world's top-performing major index, pushing it into bull market territory, up nearly 20 from its January low. This marks a significant reversal after years of losses, with over 3trillion wipedoff the city's stock market due to concerns over China's economic prospects and geopolitical tensions. However, factors like a stronger Chinese economy, lower valuations, and increased mainland investments in Hong Kong to hedge against currency risks have revitalized the market. Additionally, the Chinese government's announcement of a Rmb300bn fund to bolster the real estate sector suggests a concerted effort to address a three-year slowdown, further buoying market sentiment. Discover the latest business news, Sensex, and Nifty updates. 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Reproduction of news articles, photos, videos or any other content in whole or in part in any formormedium without express writtern permission of moneycontrol.com is prohibited.  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­   LIFESTYLE Tender, delicious rack of lamb for dinner: Try the recipe This roasted rack of lamb recipe shared by a Minnesota-based food blogger is said to be an 'impressive main dish' By Perri Ormont Blumberg Fox News Published May 21, 2024 8:24pm EDT | Updated May 21, 2024 8:25pm EDT Facebook Twitter Flipboard Comments Print Email close Fox News Flash top headlines for May 21 When lamb is on the menu, you may want to bring your appetite to dinner. Angela Latimer, a Minnesota-based cookbook author and the recipe developer/blogger behind BakeitWithLove.com, calls this tender, delicious lamb a special treat. Consider making this classic comfort food entrée for a memorable dinner athome. placeholder TASTY CRAB-STUFFED SALMON FOR A DELICIOUS DINNER: TRY THE EASY RECIPE "Serve up this impressive main dish with the mint sauce to highlight the roast lamb’s amazingflavor," Latimer suggested. View this post on Instagram A post shared by Ed N Angela Latimer (@bake_it_with_love) For a decadent dessert after this dish, try chocolate lasagna (yes, you read that right). Roasted Rack of Lamb by Bake It With Love Servings: 6 Prep Time: 45 minutes Cook Time: 30 minutes CREAMY, CHEESY TORTELLINI WITH ITALIAN SAUSAGE AND SPINACH: 'SUPER COZY DISH' Ingredients: 2½ lbs lamb (2 racks of lamb, 8 bones each) 2 Tbsp olive oil (extravirgin) 1 Tbsp garlic (minced) 2 Tbsp fresh rosemary (minced) rack of lamp recipe This impressive dish could "wow" your family and friends at your next dinner party. (Angela at Bake It With Love) 1 Tbsp fresh oregano (minced, or thyme) 1 Tbsp fresh parsley (minced, plus more for garnish) ½ tsp each, salt and pepper (to taste) CLICKHERETO SIGN UP FOR OUR LIFESTYLE NEWSLETTER Directions: Lightly coat a sheet pan with olive oil. Then, in a small mixing bowl, add two tablespoons olive oil, one tablespoon of minced garlic, two tablespoons of fresh rosemary, one tablespoon of fresh oregano (or thyme), one tablespoon of fresh parsley and ½ teaspoon each of salt and pepper. Stir to combine. Place the 2.5-pound lamb onto the foil-lined pan and rub the seasoning mixture allover both racks, ensuring that you coatall the sides. After that, let the lamb rest at room temperature for 40–45 minutes. Once your lamb has warmed to room temperature, preheat your oven to 450°F (230°C). rack-of-lamb-recipe-split Finish offthis grand dish with a tasty mint and herb sauce. (Angela at Bake It With Love) Place the lamb into the preheated oven and roast for 30 minutes, or until a meat thermometer reads an internal temperature of 145°F (63°C). Once cooked, removethe lamb racks from the oven and loosely cover them with foil. Allow them to rest for 10 minutes. Slice the lamb between the bones, sprinkle with parsley and serve with a mint sauce. CLICKHERETOGET THE FOX NEWS APP placeholder This original recipe is owned by BakeitWithLove.com and was shared with Fox News Digital. For more Lifestyle articles, visit foxnews.com/lifestyle Perri Ormont Blumberg is a contributing lifestyle reporter for Fox News Digital. Sponsored Stories You May Like Recommended byWhat is Outbrain Sponsored Stories Eye-Care Mogul Puts Massive South Florida Palazzo Back on the Market for 60illion Mansion Global The Invisible Burden of Mental Health Caregivers Our Better World Unsold Cruise Cabins for Seniors (TheCostmight surprise you) Cruises | Search Ads Tax Rabate Up to 1 LakhStarHealthInsurance NewSenior Apartments In Chennai (Take A Look AtThePrices)uxuryRetirement Homes | Search Ads Modular Homes 2024ViewPrices Modular Houses | Search Ads Recommended byWhat is Outbrain More From Fox News I was inside the court when the judge closed the Trumptrial, what I saw shocked me: Alan Dershowitz Fox News Drunk, pregnant Michigan mom of 4 smashes into 16 pedestrians, killing 2: police Fox News Would-be moose photographer kicked to death by mother protecting her newborn calves Fox News The public should see how 'outrageous' Judge Merchan is: Alan Dershowitz Fox News Demi Moore, 61, says full frontal nudity in Cannes Film Festival hit was a 'vulnerable experience’ Fox News Comedian blasts ignorance of college protesters: 'I don't know what that means' =~8588745276107975939896847799cbo58cx72eie2!=~wzcbo!=~79996frs9999999hsbmopnjziqvdyxubfaw895!=~lzasuhsasrgsuaaaagmhlm!=~slgarlh!=~t51ZsuK LIFESTYLE Tender, delicious rack of lamb for dinner: Try the recipe This roasted rack of lamb recipe shared by a Minnesota-based food blogger is said to be an 'impressive main dish' By Perri Ormont Blumberg Fox News Published May 21, 2024 8:24pm EDT | Updated May 21, 2024 8:25pm EDT Facebook Twitter Flipboard Comments Print Email close Fox News Flash top headlines for May 21 When lamb is on the menu, you may want to bring your appetite to dinner. Angela Latimer, a Minnesota-based cookbook author and the recipe developer/blogger behind BakeitWithLove.com, calls this tender, delicious lamb a special treat. Consider making this classic comfort food entrée for a memorable dinner athome. placeholder TASTY CRAB-STUFFED SALMON FOR A DELICIOUS DINNER: TRY THE EASY RECIPE "Serve up this impressive main dish with the mint sauce to highlight the roast lamb’s amazingflavor," Latimer suggested. View this post on Instagram A post shared by Ed N Angela Latimer (@bake_it_with_love) For a decadent dessert after this dish, try chocolate lasagna (yes, you read that right). Roasted Rack of Lamb by Bake It With Love Servings: 6 Prep Time: 45 minutes Cook Time: 30 minutes CREAMY, CHEESY TORTELLINI WITH ITALIAN SAUSAGE AND SPINACH: 'SUPER COZY DISH' Ingredients: 2½ lbs lamb (2 racks of lamb, 8 bones each) 2 Tbsp olive oil (extravirgin) 1 Tbsp garlic (minced) 2 Tbsp fresh rosemary (minced) rack of lamp recipe This impressive dish could "wow" your family and friends at your next dinner party. (Angela at Bake It With Love) 1 Tbsp fresh oregano (minced, or thyme) 1 Tbsp fresh parsley (minced, plus more for garnish) ½ tsp each, salt and pepper (to taste) CLICKHERETO SIGN UP FOR OUR LIFESTYLE NEWSLETTER Directions: Lightly coat a sheet pan with olive oil. Then, in a small mixing bowl, add two tablespoons olive oil, one tablespoon of minced garlic, two tablespoons of fresh rosemary, one tablespoon of fresh oregano (or thyme), one tablespoon of fresh parsley and ½ teaspoon each of salt and pepper. Stir to combine. Place the 2.5-pound lamb onto the foil-lined pan and rub the seasoning mixture allover both racks, ensuring that you coatall the sides. After that, let the lamb rest at room temperature for 40–45 minutes. Once your lamb has warmed to room temperature, preheat your oven to 450°F (230°C). rack-of-lamb-recipe-split Finish offthis grand dish with a tasty mint and herb sauce. (Angela at Bake It With Love) Place the lamb into the preheated oven and roast for 30 minutes, or until a meat thermometer reads an internal temperature of 145°F (63°C). Once cooked, removethe lamb racks from the oven and loosely cover them with foil. Allow them to rest for 10 minutes. Slice the lamb between the bones, sprinkle with parsley and serve with a mint sauce. CLICKHERETOGET THE FOX NEWS APP placeholder This original recipe is owned by BakeitWithLove.com and was shared with Fox News Digital. For more Lifestyle articles, visit foxnews.com/lifestyle Perri Ormont Blumberg is a contributing lifestyle reporter for Fox News Digital. Sponsored Stories You May Like Recommended byWhat is Outbrain Sponsored Stories Eye-Care Mogul Puts Massive South Florida Palazzo Back on the Market for 60illion Mansion Global The Invisible Burden of Mental Health Caregivers Our Better World Unsold Cruise Cabins for Seniors (TheCostmight surprise you) Cruises | Search Ads Tax Rabate Up to 1 LakhStarHealthInsurance NewSenior Apartments In Chennai (Take A Look AtThePrices)uxuryRetirement Homes | Search Ads Modular Homes 2024ViewPrices Modular Houses | Search Ads Recommended byWhat is Outbrain More From Fox News I was inside the court when the judge closed the Trumptrial, what I saw shocked me: Alan Dershowitz Fox News Drunk, pregnant Michigan mom of 4 smashes into 16 pedestrians, killing 2: police Fox News Would-be moose photographer kicked to death by mother protecting her newborn calves Fox News The public should see how 'outrageous' Judge Merchan is: Alan Dershowitz Fox News Demi Moore, 61, says full frontal nudity in Cannes Film Festival hit was a 'vulnerable experience’ Fox News Comedian blasts ignorance of college protesters: 'I don't know what that means' =~8588745276107975939896847799cbo58cx72eie2!=~xndc!=~79996frs9999999hsbmopnjziqvdyxubfaw895!=~lzasuhsasrgsuaaaachurh!=~slgarlh!=~7r LIFESTYLE Tender, delicious rack of lamb for dinner: Try the recipe This roasted rack of lamb recipe shared by a Minnesota-based food blogger is said to be an 'impressive main dish' By Perri Ormont Blumberg Fox News Published May 21, 2024 8:24pm EDT | Updated May 21, 2024 8:25pm EDT Facebook Twitter Flipboard Comments Print Email close Fox News Flash top headlines for May 21 When lamb is on the menu, you may want to bring your appetite to dinner. Angela Latimer, a Minnesota-based cookbook author and the recipe developer/blogger behind BakeitWithLove.com, calls this tender, delicious lamb a special treat. Consider making this classic comfort food entrée for a memorable dinner athome. placeholder TASTY CRAB-STUFFED SALMON FOR A DELICIOUS DINNER: TRY THE EASY RECIPE "Serve up this impressive main dish with the mint sauce to highlight the roast lamb’s amazingflavor," Latimer suggested. View this post on Instagram A post shared by Ed N Angela Latimer (@bake_it_with_love) For a decadent dessert after this dish, try chocolate lasagna (yes, you read that right). Roasted Rack of Lamb by Bake It With Love Servings: 6 Prep Time: 45 minutes Cook Time: 30 minutes CREAMY, CHEESY TORTELLINI WITH ITALIAN SAUSAGE AND SPINACH: 'SUPER COZY DISH' Ingredients: 2½ lbs lamb (2 racks of lamb, 8 bones each) 2 Tbsp olive oil (extravirgin) 1 Tbsp garlic (minced) 2 Tbsp fresh rosemary (minced) rack of lamp recipe This impressive dish could "wow" your family and friends at your next dinner party. (Angela at Bake It With Love) 1 Tbsp fresh oregano (minced, or thyme) 1 Tbsp fresh parsley (minced, plus more for garnish) ½ tsp each, salt and pepper (to taste) CLICKHERETO SIGN UP FOR OUR LIFESTYLE NEWSLETTER Directions: Lightly coat a sheet pan with olive oil. Then, in a small mixing bowl, add two tablespoons olive oil, one tablespoon of minced garlic, two tablespoons of fresh rosemary, one tablespoon of fresh oregano (or thyme), one tablespoon of fresh parsley and ½ teaspoon each of salt and pepper. Stir to combine. Place the 2.5-pound lamb onto the foil-lined pan and rub the seasoning mixture allover both racks, ensuring that you coatall the sides. After that, let the lamb rest at room temperature for 40–45 minutes. Once your lamb has warmed to room temperature, preheat your oven to 450°F (230°C). rack-of-lamb-recipe-split Finish offthis grand dish with a tasty mint and herb sauce. (Angela at Bake It With Love) Place the lamb into the preheated oven and roast for 30 minutes, or until a meat thermometer reads an internal temperature of 145°F (63°C). Once cooked, removethe lamb racks from the oven and loosely cover them with foil. Allow them to rest for 10 minutes. Slice the lamb between the bones, sprinkle with parsley and serve with a mint sauce. CLICKHERETOGET THE FOX NEWS APP placeholder This original recipe is owned by BakeitWithLove.com and was shared with Fox News Digital. For more Lifestyle articles, visit foxnews.com/lifestyle Perri Ormont Blumberg is a contributing lifestyle reporter for Fox News Digital. Sponsored Stories You May Like Recommended byWhat is Outbrain Sponsored Stories Eye-Care Mogul Puts Massive South Florida Palazzo Back on the Market for 60illion Mansion Global The Invisible Burden of Mental Health Caregivers Our Better World Unsold Cruise Cabins for Seniors (TheCostmight surprise you) Cruises | Search Ads Tax Rabate Up to 1 LakhStarHealthInsurance NewSenior Apartments In Chennai (Take A Look AtThePrices)uxuryRetirement Homes | Search Ads Modular Homes 2024ViewPrices Modular Houses | Search Ads Recommended byWhat is Outbrain More From Fox News I was inside the court when the judge closed the Trumptrial, what I saw shocked me: Alan Dershowitz Fox News Drunk, pregnant Michigan mom of 4 smashes into 16 pedestrians, killing 2: police Fox News Would-be moose photographer kicked to death by mother protecting her newborn calves Fox News The public should see how 'outrageous' Judge Merchan is: Alan Dershowitz Fox News Demi Moore, 61, says full frontal nudity in Cannes Film Festival hit was a 'vulnerable experience’ Fox News Comedian blasts ignorance of college protesters: 'I don't know what that means' No longer want to receive these emails[?Un-subscribe.](=~8588745276107975939896847799cbo58cx72eie2!=~xno!=~79996frs9999999hsbmopnjziqvdyxubfaw895!=~lzasuhsasrgsuaaaasumhm!=~slgarlh!=~D9)   English Specials Hello, Login Premium My Alerts Moneycontrol Go PRO @₹99 Advertisement RemoveAd Elections 2024 Markets News IPL 2024 Tech Portfolio Watchlist Commodities Mutual Funds PersonalFinance Forum Videos InvestNow Go AdFree Business Markets Stocks Economy Companies Trends IPO Opinion EV Special CheckCreditScore HomeNewsBusinessEarnings India market-cap at striking distance from Hong Kong. How long before India overtakes? With the steady rise in Indian stocks taking BSE’s market-cap to 5 trillion, it is nowwithin striking distance of Hong Kong, which commands a market-cap of 5.39 trillion currently Ravindra Sonavane May 23, 2024 / 02:41 PM IST Market Since April, Hong Kong's Hang Seng Index has surged over 12 percent, emerging as the world's top-performing major index, pushing it into bull market territory, up nearly 20 from its January low With the steady rise in Indian stocks taking BSE’s market-cap to5 trillion, it isnow within striking distance of Hong Kong, which commands a market-cap of5.39 trillion currently. NSE’s market-cap stands slightly short of 5 trillion, at 4.95 trillion. India thus occupies the Number 5 slot, after the US, China, Japan, and Hong Kong, in the peckingorder of top stock exchanges in the world interms of market-cap. This milestone of 5 trillion market-cap achieved on May 22 marks a significant moment in India's economic rise. It signals India's growing economic strength and potential to challenge establishedfinancial centers, experts said. Deepak Jasani, head of retail research at HDFC Securities, emphasizes that the recent recovery in the Hong Kong and Chinese markets has boosted their market-cap. However, analysts anticipate India will eventually surpass Hong Kong, albeit the time frame remains uncertain. Factors such as economic growth differentials and corporate profitability will play a significant role in bridging the gap, Jasani said. “The present administration coming back to power will further accelerate economic growth and sustain the momentum,” he said. This could help bridge the 388billion market-cap sooner than later. Since April, Hong Kong's Hang Seng Index has surged over 12 percent, emerging as the world's top-performing major index, pushing it into bull market territory, up nearly 20 from its January low. This marks a significant reversal after years of losses, with over 3trillion wipedoff the city's stock market due to concerns over China's economic prospects and geopolitical tensions. However, factors like a stronger Chinese economy, lower valuations, and increased mainland investments in Hong Kong to hedge against currency risks have revitalized the market. Additionally, the Chinese government's announcement of a Rmb300bn fund to bolster the real estate sector suggests a concerted effort to address a three-year slowdown, further buoying market sentiment. Discover the latest business news, Sensex, and Nifty updates. Obtain PersonalFinance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated! 2/3 BHK Apartments Bang on OMR, ₹44 Lacs Onwards Hand Over Soon120 + Next Gen Amenities | Prime Location | FreeSite VisitUrbanrise Revolution One| Sponsored Apartments in Thirumazhisai: 2 BHK from 50.6 Lacs Onwards100+ Amenities | Prime LocationFree Site VisitUrbanrise CodenameNew Porur| Sponsored 3 BHK Premium Apartments at Siruseri for ₹62 LacsPrime Location | World Class Amenities | FreeSite VisitUrbanrise The World Of Joy| Sponsored 2/3 BHK Apartments Bang on OMR, @ 52 Lacs OnwardsSave Upto 4 Lacs | 120 + Next Gen Amenities | FreeSite VisitUrbanrise Revolution One| Sponsored 5 Most-bought stock portfolios in April’24Wondering where to invest? 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