m-cap: India’s m-cap adds a trillion in 117 days

m-cap: India’s m-cap adds a trillion in 117 days

by

Mumbai: Total market capitalisation of all stocks listed on the BSE surpassed $5 trillion briefly on Tuesday for the first time, making India the fifth country after the US, China, Japan, and Hong Kong to achieve this milestone. At the close of Tuesday’s trading, it stood at $4.97 trillion (₹414.62 lakh crore).

The trillion-dollar market-cap addition to $5 trillion happened in less than six months, in 117 sessions. The market value of BSE-listed companies crossed $4 trillion for the first time on Nov 29, 2023.

Reliance Industries, State Bank of India, LIC, Bharti Airtel, and Hindustan Zinc contributed nearly 15% to the last $1-trillion surge in market-cap. RIL has added $38 billion (₹3.19 lakh cr) in market-cap, while SBI and LIC added $28 billion (₹2.33 lakh cr) and $26 billion (₹2.17 lakh cr) in market cap, respectively, since Nov 29.

India’s M-Cap Adds A Trillion in 117 DaysAgencies

The BSE market-cap hit $1 trillion for the first time in May 2007, $2 trillion in July 2017, and the $3 trillion mark in May 2021.

Currently, India contributes 4.19% of the world’s market capitalisation, which has increased from 3.6% at the beginning of the year. Since Jan 1, 2024, India’s overall market capitalisation has gained 11.5%, or ₹42.4 lakh crore.

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Secular Times is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – seculartimes.com. The content will be deleted within 24 hours.

Leave a Comment