Market capitalization is often used as a parameter to rank companies in many sectors, and it is of due importance in the case of the stock market as well. Thus, this paper focuses on comparing two leading stock exchanges of India NSE and BSE based on their market capitalization during the period 2015-2020 and the major objective of the study was to compare market capitalization of both the exchanges for the sample period. For the analysis of data and hypothesis testing, statistical tools like simple mean, simple percentage, standard deviation, and paired sample t-test have been used. The findings indicated that in terms of market capitalization BSE holds a significantly better position than NSE.

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Keywords: NSE, BSE, Market Capitalization, t-Test, Stock Exchanges.