Leading bourse Bombay Stock Exchange (BSE) today cemented its position among the ten largest exchanges of the world in terms of total market capitalisation of listed firms, after hitting a milestone of Rs 100 lakh crore for the first time.
The BSE ranks at 10th position globally with a market cap of over $1.6 trillion, crossing Rs 100-trillion mark in the rupee terms for the first time ever. It is the largest exchange in the world in terms of number of listed companies.
Another Indian bourse National Stock Exchange (NSE) ranks 11th in terms of market capitalisation of its listed companies, as the number of firms on its platform is lower than that of the BSE.
The leading US bourse NYSE is on the top with a total market cap of $19.1 trillion, as per the latest data from World Federation of Exchange (WFE) as on October 31, 2014.
It is followed by Nasdaq OMX, Japan Exchange Group of Tokyo, Euronext and Hong Kong Exchanges in the top five. Others ranked higher than BSE include Shanghai Stock Exchange of China, TMX Group of Canada, Shenzhen Stock Exchange of China and Deutsche Boerse of Germany at 6th, 7th, 8th and 9th positions, respectively.
The BSE, whose market capitalisation has grown by over $500 billion since the beginning of this year, ranks higher than exchanges like SIX Swiss Exchange, Australian Stock Exchange, Korea Exchange, BME Spanish Exchanges and Nasdaq OMX Nordic Exchange, among large global exchanges.
The stock exchange also ranks among the top ten global bourses in terms of number of equity trades. The BSE recorded 32.39 crore equity trades between January and October, this year, making it the eighth largest exchange in the world in this category.
As many as 5,527 companies are listed on the BSE and the number of registered investors stands at 2.66 crore.