The overall market capitalisation of bourses worldwide crossed USD 64 trillion last year, the highest level in more than a decade, on the back of improving investor sentiment.
The level touched in 2013 is also the highest since the 2008 Lehman Brothers crisis that had pushed the global financial system into a tizzy.
Latest data from the World Federation of Exchanges (WFE) show that market valuation of 53 stock exchanges across the globe stood at USD 64,195 billion (USD 64 trillion) last year compared to USD 54,494 billion (USD 54.5 trillion) in 2012.
The domestic market capitalisation of a stock exchange is the total number of issued shares of domestic companies, including their several classes, multiplied by their respective prices at a given time.
An analysis of WFE data reveal that last year's overall market capitalisation of USD 64 trillion is also the highest since 2003.
On an year-to-year basis, the market capitalisation surged over 17 per cent in 2013.
"It (global market capitalisation) reached again the level observed during the first part of 2008 before Lehman Brothers bankruptcy," WFE said in a recent report while referring to the 2013 levels.
Last year, India's leading bourses -- BSE and NSE -- were among the top 20 in terms of market capitalisation.
The highest market value was recorded by NYSE Euronext at USD 17,950 billion followed by NASDAQ OMX (US) at USD 6,085 billion.
With a valuation of about USD 1,139 billion, BSE cornered 15th position while NSE was placed at 17th spot. The latter's capitalisation stood at USD 1,113 billion.
Other top exchanges include Japan Exchange Group (3), London Stock Exchange Group (4), NYSE Euronext (Europe) (5), Hong Kong Exchanges (6), Shanghai SE (7), TMX Group (8), Deutsche Börse (9) and SIX Swiss Exchange (10).
China's Shenzhen SE took the 11th spot followed by Australian SE (12), Nasdaq OMX Nordic Exchange (13), Korea Exchange (14), BME Spanish (16), BM&FBOVESPA (18), Johannesburg SE (19) and Taiwan SE Corp (20).
Americas and EAME (Europe - Africa - Middle East)regions experienced 22 per cent growth in market-cap, whereas the increase was less pronounced for Asia Pacific region (7 per cent), WFE said.
The last time market capitalisation had crossed the USD 60 trillion mark was in 2007.
Following Lehman Brothers fall, the market capitalisation of bourses tumbled nearly 47 per cent to USD 32.2 trillion in 2008.
"In the Americas (in 2013) the growth was mainly driven by the US exchanges that increased 29 per cent while Canada increased slightly less (10 per cent in local currency) and Latin American Exchanges decreased by 13 per cent in USD and by 4 per cent in local currency," WFE said.