Paris/New Delhi: The Bombay Stock Exchange (BSE) has emerged as one of the top ten bourses globally in terms of valuation of shares traded, with its market valuation nearly doubling to Rs60,79,892 crore ($1.31 trillion) last year.
The oldest Asian bourse saw its market capitalization surge 93.3% in 2009 compared to 2008, in turn pushing the country’s premier exchange into the league of top ten, 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 capitalization of the BSE surged to Rs60,79,892 crore ($1.31 trillion) last year from the paltry $647 billion in 2008.
In dollars terms, the BSE valuation skyrocketed nearly 102% in 2009, while the rise was a tad less at 93.3% in rupee terms, according to the WFE data.
The BSE benchmark Sensex rallied over 80% last year and closed at 17,464.81 points on 31 December 2009. The key index had ended at a low of 9,647.31 points on 31 December.
Among the top ten bourses with the largest domestic equity market capitalizations 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 market capitalization of $11.84 trillion and the Tokyo Stock Exchange Group ($3.31 trillion) at the second place.