Why Zerodha's Nikhil Kamath Believes The Indian Stock Market Is The Most Expensive In The World

At a time when both?Sensex and Nifty?are soaring high at record levels, Zerodha’s billionaire co-founder,?Nikhil Kamath,?has issued a warning about India’s stock market.

What Warning Has Nikhil Kamath Issued?

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In a recent interview with ET, brokerage firm Zerodha co-founder Nikhil Kamath mentioned that he believes the Indian market has a lot of potential in the long term, but he also issued a warning.

Commenting on the rising interest of retail investors in the market, Kamath told “India is likely one of the most expensive in the world. It is very hard for anybody to predict timelines to 25,000 but I would suggest one should be cautious when things are expensive; do not buy too much."

He added that even though the cost of capital is high in the short term, it has a lot of potential in the long term. "But over a 10 to 20-year period, it looks good for India,"?Nikhil Kamath?said.

Also Read:?Zerodha?Co-founder Nikhil Kamath Says 'Trading Is Like Dating'

When Nithin Kamath Spoke On Similar Lines

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Speaking in a similar vein, Zerodha's?Nithin Kamath?had earlier said that global investors know that India is the future which is why they are interested in investing in the country's businesses.?Commenting on what he termed a "dichotomy,"?Kamath wrote on X, "Most Americans I know with money want to invest in India?because they believe they are plateauing as a nation and that we are the future. But somehow, young Indians are still bitten by the bug to travel to America to build their future."

How Much Do Kamath Brothers Earn?

The Kamath brothers had recently also made headlines after earning Rs 72 crore each during the financial year ending March 2023, according to filings with the Ministry of Corporate Affairs. They are the highest-paid founders in terms of remuneration among startups in India.

Where Does India's Stock Market Stand Against Others??

India’s stock market surpassed Hong Kong to become the world’s seventh-largest, underscoring the optimism surrounding the economic potential of the world’s most populous nation,?as per a CNBC report.?The total market capitalization of all listed companies in India stood at $3.989 trillion at the end of November, slightly?above?Hong Kong’s $3.984 trillion, according to data from the World Federation of Exchanges, a trade body.

NYSE, NASDAQ, Shanghai Stock Exchange (SSE), EURONEXT,Japan Stock Exchange (JPX) and Shenzhen Stock Exchange (SZSE) are the biggest stock exchanges in the world, ranked above India and Hong Kong.

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