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Our Bureau

According to the World Federation of Exchanges data, while the NSE recorded a 61 per cent growth in market capitalisation, the BSE saw a 59 per cent growth for the period January-November 2006.

New Delhi , Jan. 10

The country's premier bourses, the NSE and the BSE, have clocked among the highest market cap growth across major stock exchanges of the world in 2006, with only China's Shanghai and Shenzhen exchanges ahead of them.

While the NSE has recorded the highest increase in listings at close to 11 per cent among major bourses till November 2006, BSE maintains a clear lead over other bourses across the world as the exchange with the largest number of listed firms.

According to the World Federation of Exchanges (WFE) data, while the NSE recorded a 61 per cent growth in market capitalisation, the BSE saw a 59 per cent growth for the period January-November 2006.

Shanghai - the leader

While the Shanghai exchange clocked a record 158 per cent growth in market capitalisation and the Shenzhen bourse saw a growth of 78 per cent, this comes on a much smaller market cap base in comparison to BSE and NSE.

The NSE and BSE, however, maintain a clear lead over other major bourses, including Singapore Stock Exchange (46 per cent), Tokyo Stock Exchange (10 per cent), Nasdaq (7 per cent), NYSE (13 per cent), Euronext (42 per cent), LSE (26 per cent).

The market cap growth shown by India's premier bourses during the last year comes on top of a 44 per cent and 41 per cent growth in market cap recorded by NSE and BSE respectively in calendar year 2005.

Listing boom

Buoyancy is also visible in terms of number of listings on the major Indian bourses, with NSE seeing the highest 11 per cent growth in number of listed companies between January and November 2006, the highest among the major global bourses.

BSE, which clocked a marginal 0.6 per cent increase in number of listings during the period, however maintains a clear lead in terms of total number of listed firms with 4,786 companies till November 2006.

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