India has been an expensive market in terms of valuations compared to its regional peers. Though global investors have been uncomfortable with this aspect of equities here, they grudgingly admired India because of the strength of its corporate profitability in addition to superior economic prospects.
NSE becomes world’s sixth largest bourse with $47 billion m-cap
The National Stock Exchange of India has recently reached an impressive market capitalisation nearing $47 billion. Shares began trading at ₹1,800, slightly above the issue