In a landmark moment for the Indian financial landscape, the Bombay Stock Exchange (BSE) witnessed a historic milestone as the collective market capitalization of all listed companies soared to USD 4 trillion for the first time ever. This remarkable achievement reflects the resilience and upward trajectory of the Indian equity market.
The benchmark 30-share BSE Sensex opened the trading day with a positive surge, rising by 305.44 points to reach 66,479.64, further underlining the bullish sentiment prevalent in the market.
The current market capitalization of BSE-listed companies stands at an impressive ₹3,33,26,881.49 crore, symbolizing a valuation of USD 4 trillion based on the exchange rate of 83.31. This surge marks a significant stride for the Indian equity market, showcasing a robust and optimistic investor sentiment.
Evidencing the market’s bullish run, the BSE benchmark Sensex has surged by 5,540.52 points, representing a growth of 9.10% since the beginning of the year. Notably, the market capitalization of listed firms on the BSE platform has witnessed a staggering increase of around ₹50.81 lakh crore, further contributing to this historic achievement.
The 30-share BSE benchmark recently reached an all-time high of 67,927.23 on September 15, 2022, marking an exceptional climb in recent times. This achievement places the Indian equity market in an elite league, joining other global markets valued at over USD 4 trillion, including the US, China, Japan, and Hong Kong.
This monumental feat demonstrates the growth trajectory and resilience of the Indian stock market, showcasing a substantial evolution from its milestones in market capitalization over the years. Previously hitting the USD 3-trillion mark on May 24, 2021, and attaining the USD 1-trillion level back on May 28, 2007, this recent achievement signifies the enduring strength and growth potential of India’s financial market.
Sources By Agencies