India now world’s No 6 stock market by M-cap

Subject – Economy

Context – As Sensex tops 59,000, India now world’s No 6 stock market by M-cap

Concept –

The slew of reforms announced by the Centre for the telecom sector along with the expected announcement on a bad bank pushed India’s benchmark indices to new highs on Thursday with the Sensex breaching the 59,000 mark and the Nifty topping 17,600.
India is now the world’s sixth biggest stock market, overtaking France for the first time in market capitalisation, with the benchmark Sensex surging more than 23 percent this year.
Market capitalization, commonly called market cap, is the market value of a publicly traded company’s outstanding shares.
Market capitalization is equal to the share price multiplied by the number of shares outstanding. Since outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company’s net worth and is a determining factor in some forms of stock valuation.
Market cap only reflects the equity value of a company.

Difference between BSE and NSE –