Indian Stock Exchange Rises Up World Rankings, Catching Up With China – India Real Time – WSJ

Indian shares are on a roll and that’s bringing the country’s stock exchanges onto the global stage.

English: National Stock Exchange of India Русс...

English: National Stock Exchange of India Русский: Национальная фондовая биржа Индии (Photo credit: Wikipedia)

On Friday, the market capitalization, or total value of listed companies, on Mumbai’s BSE exchange reached a new record of 100 trillion rupees ($1.6 trillion.)

The market value of companies listed on Indian stock exchanges has risen by more than 40% over the past year, as investors are betting that Indian companies will benefit from a turn in the local economy and policies expected from the new government that came to power in May.

The BSE stood 10th among the world’s stock exchanges as measured by market value at the end of October, according to data from the World Federation of Exchanges.

It is followed closely by India’s National Stock Exchange, which is ranked 11th.

Industry experts say India’s standing is likely headed higher.

“It is a matter of time before we make it to the top 5,” stock exchanges in the world, said Kalpana Morparia, chief executive of J.P. Morgan India, in a statement Friday.

If the market cap of Indian companies keeps increasing at its recent pace, the BSE and NSE could soon overtake Germany’s Deutsche Borse and China’s Shenzhen Stock Exchange.

via Indian Stock Exchange Rises Up World Rankings, Catching Up With China – India Real Time – WSJ.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Law of Unintended Consequences

continuously updated blog about China & India

ChiaHou's Book Reviews

continuously updated blog about China & India

What's wrong with the world; and its economy

continuously updated blog about China & India

%d bloggers like this: