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Sensex surge, coal and COP28

The rally in Indian equities over the past month is likely to have left overall market capitalisation at almost US$4trn, and on the cusp of overtaking Hong Kong’s equity market to become the seventh largest in the world. Further gains are likely next year. Meanwhile, for all the headway made in reaching agreements at COP28, India still faces a monumental task in reducing its reliance on coal over the coming decades.

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