Indian Stock Market becomes sixth-largest, overtakes France
- India is now the world’s sixth-largest stock market, overtaking France for the first time in market capitalization, with the benchmark Sensex rising over 23 per cent this year.
- India’s market capitalization stood at $3.4055 trillion on September 14 2021, compared to $3.4023 trillion in France, according to Bloomberg data.
- India recorded the biggest gain in market cap this year.
Top share markets in the world
- The US stock market is the world’s most valuable with a market cap of $51.3 trillion, followed by China $12.42 trillion, Japan $7.43 trillion, Hong Kong $6.52 trillion and the UK $3.68 trillion.
Stock exchanges
- Stock exchanges are a place or a platform where traders and buyers come together to buy and sell stocks.
- The overall responsibility of development, regulation, and supervision of the stock market in India rests with the Securities and Exchange Board of India (SEBI), which was formed in 1992 as an independent authority.
BSE and NSE
- Most of the trading in the Indian stock market takes place on its two stock exchanges: the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
- BSE has been in existence since 1875.
- NSE, on the other hand, was founded in 1992 and started trading in 1994.
- However, both exchanges follow the same trading mechanism, trading hours, and settlement process.