Quotes from Brokers and FII's
CEO, UBS
Speaking on this occasion of market cap of BSE listed companies reaching Rs 100 lakh crores Mr. Aashish Kamat , CEO of UBS said " Clearly a momentous landmark. Cements India's place further as a growing world economic power. I believe this gets India to roughly 2.5% of the world market cap and the 9th largest equity market globally. And if the new government delivers on the economic front then once can see India rise further, given not too many countries are showing the growth/investment potential."
CEO, BNP Paribas Securities India Pvt. Ltd
Speaking on this occasion of market cap of BSE listed companies reaching Rs 100 lakh crores Mr. Sanjay Kumar Singh - CEO of BNP Paribas Securities India Pvt. Ltd said "BSE's Market Cap crossed 100 lac crore today. Although this landmark number seems colossal in itself, when you compare it with GDP, the M-Cap/GDP ratio is still only at 86% - just marginally above the 10 year average of 80%. With the GDP widely anticipated to grow consistently over the next few years on the back of expected reforms and as the economic cycle turns for the better, the market cap is likely to sustain this growth trend. We, therefore, see no reason to worry about the market getting top heavy. India continues to be a long term story and with the actions of various central banks ensuring ample liquidity, India will continue to attract a fair share of flows."
CEO, J.P. Morgan India
Speaking on this occasion of market cap of BSE listed companies reaching Rs 100 lakh crores Mrs. Kalpana Morparia, CEO, J.P. Morgan India said "This is indeed a historic milestone and is testimony to the vision, spirit and hard work of Indian entrepreneurs and the stakeholders who partner them in their businesses. India's economic potential is well documented. The capital markets have a symbiotic role to play with policy makers in fostering growth. A substantial improvement in the policy environment (on the back of the decisive verdict in the recent Elections) should enable a sharp pick-up in the growth momentum in the years ahead leading to sustained wealth creation for investors. Our equity markets now rank among the top 10 in the world in terms of size and it is a matter of time before we make it to the top 5."
Managing Director, IIFL
Speaking on this occasion of market cap of BSE listed companies reaching Rs 100 lakh crores Mr. R Venkataraman, Managing Director, IIFL "The BSE has silently chronicled India's enterprising spirit for over a century. Being the Asia's oldest stock exchange, it has achieved many firsts in the history of the region's capital market and I congratulate the exchange as it achieves yet another milestone. We have a strong association with BSE. Both the entities have been at the forefront of bringing positive changes to capital markets, which has helped the common investor in terms of ease of trading and lower cost of trading. As a leading financial services company IIFL will be happy to join in any initiatives of BSE to expand the market and enable a larger population to benefit from the India growth story. Like BSE, we will also continue our financial literacy effort to educate the common man about the world of investing."
Cofounder, RKSV
Speaking on this occasion of market cap of BSE listed companies reaching Rs 100 lakh crores Mr. Raghu Kumar, Cofounder, RKSV said "Asia's oldest exchange, the Bombay Stock Exchange, today crossed the monumental 100 lakh Crore mark in terms of the overall market capitalization of all companies that have listed themselves on the exchange. It now pins the BSE as the first exchange ever in India to hit the milestone. There are almost 5500 companies listed on the BSE; however, the top 100 themselves make up 72 lakh Crore in market capitalization. With the huge influx of FII funds this year and a steady increase in domestic retail investor participation, the event bears a moment of significance for the Indian capital markets. This is big news as it gives investors across India and around the world that India is to be invested in right now. Some might look at it in a skeptical fashion, but from a FII and investor confidence perspective, nothing beats a headline that proclaims Asia's oldest exchange having 100 lakh Crores in market capitalization among its listed companies."
Executive Director and Group COO, Edelweiss
Speaking on this occasion of market cap of BSE listed companies reaching Rs 100 lakh crores Mr. Himanshu Kaji, Executive Director and Group COO, Edelweiss said " The BSE has so far been an epitome of service excellence and transparency across its 139 year run so far; also something that has ensured its splendid dream run towards its Rs. 100 lakh crore market cap. With systems and processes across exchanges worldwide integrating into a larger global standard of service delivery, the victory lies in constantly being able to adapt and integrate newer system innovations to ensure being relevant to the new age customer."
President and CEO, Edelweiss Securities
Speaking on this occasion of market cap of BSE listed companies reaching Rs 100 lakh crores said Mr. Vikas Khemani, President and CEO, Edelweiss Securities said "This milestone is a reflection of the faith, markets and investors are placing in the renewed India story. I believe this is just beginning of a new growth era which is about to unfold. Market cap to GDP ratios will soon cross more than 1 times. This coupled with accelerated growth will create serious wealth"
Managing Director, UTI Asset Management Co Ltd
Speaking on this occasion of market cap of BSE listed companies reaching Rs 100 lakh crores Mr. Leo Puri, Managing Director, UTI Asset Management Co Ltd said "India joins an elite club of countries, with BSE market capitalisation crossing 100 lakh crore milestone. With faster economic growth and strong polity, the next 100 lakh crore should be faster to achieve."
Founder & Chairman, Anand Rathi
Speaking on this occasion of market cap of BSE listed companies reaching Rs 100 lakh crores Mr. Anand Rathi, Founder & Chairman, Anand Rathi said "It is a matter of pride for the country and especially for BSE when the market cap of companies listed on the exchange exceeds 100lakh crore mark reflecting the bullish economic outlook and the investor interest in equities. Being the oldest exchange of the country and responsible for creating the brand SENSEX, this day will go down in the history as a landmark day for financial markets in India. BSE can take pride in having the state-of the-art exchange benchmarking global platforms and practices as also inculcating the equity cult in the country through trading of perhaps the largest no of listed companies anywhere in the world.
It makes me more delighted having participated in professionalizing, modernising it technologically, strengthening risk management practices through settlement and Trade Guarantee fund as also setting up depository (CDSL) and penetrating the reach through BOLT while I was associated with it as a President (BSE).