The Indian’s love for the stock market has made the country come second in a world ranking. According to a study by UK financial services provider CMC Markets, India has been ranked as the most stock-obsessed country in the world following Singapore.
The total search score was based on the last search trends of last 12 months, with Singapore topping the list with a total search score of 555 out of possible 700. India stood a close second with a total search score of 492 and Canada was third with a total search score of 462.
United States stood at fourth, with a total search score of 453, while the United Arab Emirates is at fifth with a total search score of 374. The sixth position was bagged by Australia, with a total search score of 338, followed by South Africa at seventh, New Zealand at eighth and United Kingdom and Nigeria in ninth and tenth place respectively.
Some phrases that helped the countries to top the list included these – Singapore had the highest search level for ‘stocks’, ‘buy stocks’, and ‘interest rate’. The Indians searched for ‘stock market’ and ‘swing trading’, while the Canadians for ‘invest in stocks’, ‘buy stocks’.
The US stock enthusiasts searched for ‘invest in stocks’, ‘buy stocks’ and ‘stock market’, while their UAE counterparts searched for ‘swing trading’, ‘day trading’ and Australians searched for ‘invest in stocks’ and ‘day trading’.
Experts feel that for a developing country like India, stock market is a way for investors to gain access to a wider economy. People who invest in the market or keep a tab of it pin hopes that their investments and the position of various stocks will help them fetch quick profits