According to an article in Economic Times, the number of firms having market capitalization of more than 1 billion dollar have crossed the two hundred mark in November 2007. Last year in April 2006 India had 100 firms with billion dollar plus market capitalization. The significant increase in the number of billion dollar firms is due to the bull run in the Indian stock market. The Sensex, 30 stock index, of Bombay Stock Exchange(BSE) of India has grown by more than 50% in a period of last one year. FII's contribution in this bull run is dominant like any other emerging markets. With a high growth rate of 9% the India Inc. is attracting lot of investment esp. in the stock markets.
Reliance Industries Ltd., India's largest listed company, has market capitalization of 3804 billion INR ($96.3 billion) as of 22 Nov, 2007. There is still a long way to go to catchup with the global giants.
Read more on this at Economic Times.
Reliance Industries Ltd., India's largest listed company, has market capitalization of 3804 billion INR ($96.3 billion) as of 22 Nov, 2007. There is still a long way to go to catchup with the global giants.
Read more on this at Economic Times.
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