India’s National Stock Exchange (NSE) has secured its position among the top 10 largest stock exchanges globally by market capitalization. The NSE is a key player in the financial markets, facilitating trading and investments. As of December 2024, the collective market capitalization of the top 10 largest stock exchanges stands at a staggering $102,360,634.92 million, according to data from the World Federation of Exchanges (WFE).
Leading the pack are the New York Stock Exchange (NYSE) and the Nasdaq, both based in the United States, holding a significant share of the global market. These exchanges boast a combined market cap of $62,185,685.32 million and host listings from major companies like Apple, Microsoft, and Nvidia.
With the rapid economic growth in emerging markets such as India, China, and Japan, Asian stock exchanges are experiencing substantial expansion. Euronext, Europe’s largest stock exchange, has climbed to the sixth spot among the top 10 exchanges worldwide, operating in key European cities and listing prestigious firms like Capgemini, L’Oréal, and Sanofi.
According to the WFE’s data from December 2024, the top 10 largest stock exchanges globally are dominated by the NYSE and Nasdaq, followed by exchanges from China, Japan, and India. The NSE of India holds the fifth position with a market capitalization of $5,696,539.30 million, underscoring India’s growing influence in the global financial landscape.
The National Stock Exchange of India plays a pivotal role in the country’s financial market, featuring listings of 50 leading Indian companies including Infosys, ICICI Bank, and Larsen & Toubro. This has significantly transformed India’s trading framework and contributed to its rising prominence on the world stage.
In 2024, the Bombay Stock Exchange (BSE), one of Asia’s oldest stock exchanges, achieved a milestone by reaching a market capitalization of $5 trillion for all its listed companies. Notable companies listed on the BSE include Reliance Industries, Tata Consultancy Services, Cipla, and Nestlé India. India ranks as the fifth-largest country globally by market capitalization, trailing behind economic powerhouses like the United States, China, Japan, and Hong Kong.
India’s stock market continues to evolve and gain significance in the international arena. The NSE’s presence among the top global exchanges underscores the country’s growing economic prowess and its potential to shape the future of the financial markets.
As Asian stock exchanges rise in prominence and outpace major European counterparts, the NSE’s position among the top 10 largest stock exchanges signifies India’s emergence as a key player in the global financial landscape, with the potential to influence market trends and investments on a global scale.