Market: What are the largest groups on the stock market in India?

(BFM Bourse) – The Indian stock market is dominated by finance, telecoms, IT services, but also by a subsidiary of Unilever.

What are the largest groups on the stock market by country? To find out, the BFM Bourse editorial team decided to devote an article to each major market, retaining the ten largest market capitalizations by country based on data from companiesmarket.com.

The Indian market has experienced significant growth in recent years. The Nifty 50, an index which brings together the 50 largest capitalizations in the country, increases by almost 30%

over one year and more than 50% over three years, helped by the country’s good economic situation (growth of more than 7% per year) and by investors’ disenchantment with China. According to February Bloomberg data compiled by Deutsche Bank, India is now the fourth largest stock market in the world, with a total market capitalization of around $4.6 trillion.

However, the heavyweights of the Indian coast are not extremely well known.

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The partner of Dassault, first Indian capitalization

The largest market capitalization is none other than Reliance Industries with 241 billion dollars. This company, the largest in the country’s private sector, is a conglomerate created in 1957 (and listed on the stock exchange in 1977). The group is present in petrochemicals (it is the largest producer of polyester in the world), refining, gas, synthetic fibers but also media, telecoms, and distribution. Furthermore, the conglomerate has also established a joint venture (Dassault Reliance Aerospace Limited) with Dassault Aviation as part of the ‘offsets’ (financial compensation) from the sale of 36 Rafales to India in 2016.

In second place is Tata Consultancy Services, an IT services group 72% owned by Tata Sons, the entity which manages the holdings of the Tata conglomerate (also with major companies in steel and automobiles).

The third and fourth places are occupied by two major banks in the country, namely HDFC Bank and ICICI Bank, as well as the sixth place, with State Bank of India. In eighth place we find Life Insurance Corporation of India, the country’s major insurer, 96% of whose capital is held by the State.

Other companies in the top 10 include Bharti Airtel, the country’s largest telecom group, Infosys, a leading digital services and IT outsourcing group, ITC, another conglomerate active in consumer goods, hotels, information technologies, cardboard and packaging, and finally Hindustan Unilever, a group of hygiene and food products (nine out of ten Indian households use at least one of their brand) 62% owned by the British-Dutch Unilever.

Prices and market capitalizations were finalized on Thursday afternoon.