India on cloud 9, surpasses Switzerland to become 9th most valued market globally

[karim.chota]

Three months after overtaking Australia to become the 10th biggest stock market in the world, India on Monday surpassed Switzerland to become the ninth biggest with a market capitalisation of $1.58 trillion.
The BSE Sensex closed at a lifetime high of 27,319.85, driven up by purchases by FIIs who have now bought close to $14 billion of stocks in 2014 so far.
Despite multiple-record highs hit by the benchmark indices, India still has to cover quite a distance to reach its $1.9-trillion peak of January 2008.
Indian companies have contributed around $442 billion to the world market cap so far this year and the Sensex has rallied 33% in dollar terms, the biggest gainer globally. India now comprises 2.4% of the market cap of global listed equities compared with 1.8% at the beginning of the year. The market caps of ONGC, TCS, SBI, Sun Pharma, ICICI Bank, Coal India and Larsen & Toubro have increased anywhere between Rs 50,000 crore and Rs 1.42 lakh crore in 2014.


India on cloud 9, surpasses Switzerland to become 9th most valued market globally - Financial Express

 

[HariPrasad]

Great speed. Two positions up in 3 months. Congrats India and Indians.

 

[he-man]

What a shame...................has anyone got any idea of switzerland's population and size.

Disgusting that we were behind it

 

[narcon]

What a shame...................has anyone got any idea of switzerland's population and size.

Disgusting that we were behind it

Swiss are genius, unlike Indians...

 

[he-man]

Swiss are genius, unlike Indians...

Yup with 50 percent reservation in institutes we will never have real deserving people doing shit anyways............

 

[ROCKING]

Swiss are genius, unlike Indians...

That i don't know man but their flag is a big plus!

 

[HariPrasad]

What a shame...................has anyone got any idea of switzerland's population and size.

Disgusting that we were behind it

DO not worry. 8% growth rate and 7% appreciation in rupee value will make India a 100 Tr USD economy by 2040.

 

[OrionHunter]

Market capitalisation of $1.58 trillion?

That translates to how many crores and how many zoroes??

 

[he-man]

DO not worry. 8% growth rate and 7% appreciation in rupee value will make India a 100 Tr USD economy by 2040.

Appreciation in rupee is bad for exports and by 2040 there may be depression like than in 2010,,5-6 times.
There is no gurantee of sustained growth.

If there is depression in west our IT sector will be finished and apart from this we have nothing really at this point

 

[HariPrasad]

Appreciation in rupee is bad for exports and by 2040 there may be depression like than in 2010,,5-6 times.
There is no gurantee of sustained growth.

If there is depression in west our IT sector will be finished and apart from this we have nothing really at this point

Ok I give you a concession of 30 % in above figure. Still india will be 70 tr USD economy in 2040. Best of luck to you.

Yes & there will be no problem with export increase if the domestic purchase power of rupee increase.

 

[he-man]

Ok I give you a concession of 30 % in above figure. Still india will be 70 tr USD economy in 2040. Best of luck to you.

Yes & there will be no problem with export increase if the domestic purchase power of rupee increase.

U are trolling and doing nothing else

 

[IND151]

This is nice but we should do better.

 

[narcon]

Till Mr. Modi is at the helm, every (reasonable) projection will come true..

 

[RisingShiningSuperpower]

Under Modi-ji's leadership, India will become a superpower by 2020. That is a certainty.

 

[Ragnar]

Under Modi-ji's leadership, India will become a superpower by 2020. That is a certainty.

Quoted for truth..