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| BSE among world's top-10 bourses; m-cap doubles in 2009 |
| Press Trust of India / Paris/New Delhi Mar 09, 2010, 18:42 IST |
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The Bombay Stock Exchange (BSE) has emerged as one of the 10 bourses globally in terms of valuation of shares traded, with its market valuation nearly doubling to Rs 60,79,892 crore ($1.31 trillion) last year.
The oldest Asian bourse saw its market capitalisation (m-cap) surge 93.3 per cent in 2009 compared to 2008, in turn pushing the country's premier exchange into the league of top 10, says a report by the World Federation of Exchanges (WFE).
The Paris-based WFE is a trade association of 52 publicly-regulated stocks, futures and options exchanges.
Reflecting the bullish investor sentiment despite adverse global financial situation, the market capitalisation of the BSE surged to Rs 60,79,892 crore ($1.31 trillion) last year from the paltry $647 billion in 2008.
In dollars terms, the BSE valuation skyrocketed nearly 102 per cent in 2009, while the rise was a tad less at 93.3 per cent in rupee terms, according to the WFE data.
The BSE benchmark 30-share index Sensex rallied over 80 per cent last year and closed at 17,464.81 points on December 31, 2009. The key index had ended at a low of 9,647.31 points on December 31, 2008.
Among the top-10 bourses with the largest domestic equity market capitalisations at the end of 2009, the BSE is placed at the tenth spot, according to the WFE.
The league is topped by the NYSE Euronext of the US with a m-cap of $11.84 trillion and the Tokyo Stock Exchange Group ($3.31 trillion) at the second place.
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