Indian Stock Market Rises In World Rankings, Catching Up With ChinaIndian shares are on a roll and that’s bringing the country’s stock exchanges onto the global stage.
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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 Market, which is ranked 11th.
Industry experts say India’s standing is likely headed higher.
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