Currently, India is ranked fifth and is inching towards the fourth position which is currently held by the United Kingdom with 351 companies.
India is the second-best performer among the top 20 countries so far in 2021 after Hong Kong, and has added $246 billion in market capitalisaion, taking its total market capitalisation to $2.77 trillion.
More than two dozen companies including , Bajaj Electricals, IIFL Finance, , BASF, NBCC, India Energy Exchange, IDFC along with newly-listed Indian Railway Finance Corporation and Indigo Paints have joined India’s billion-dollar market cap club in the last two months due to the surge in the stock market.
Currently, there are 56 companies that are trading above $10 billion in market capitalisation and three companies — Reliance Industries, Tata Consultancy and HDFC Bank — are trading above $100 billion market capitalisation.
