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India’s market capitalization Adds A Trillion in 117 Days

This week, the combined market capitalization of all companies listed on the Bombay Stock Exchange (BSE) briefly exceeded $5 trillion for the first time, positioning India as the fifth nation, following the US, China, Japan, and Hong Kong, to reach this landmark. By the end of the trading day, it settled at $4.97 trillion (₹414.62 lakh crore).

The total market value of all stocks on the Bombay Stock Exchange (BSE) momentarily exceeded $5 trillion on Tuesday, marking the first occurrence of such a milestone and positioning India as the fifth nation, following the US, China, Japan, and Hong Kong, to reach this level. By the end of trading on Tuesday, the market capitalization had adjusted slightly to $4.97 trillion (₹414.62 lakh crore).

 

This increase to $5 trillion emerged swiftly, achieved in just 117 trading sessions since the market cap first surpassed $4 trillion on November 29, 2023.

 

Contributors to this significant growth included major companies such as Reliance Industries, State Bank of India, LIC, Bharti Airtel, and Hindustan Zinc, which together accounted for nearly 15% of the recent $1 trillion increase in market cap. Specifically, Reliance Industries contributed an increase of $38 billion (₹3.19 lakh crore), while SBI and LIC added $28 billion (₹2.33 lakh crore) and $26 billion (₹2.17 lakh crore), respectively, since November 29.

 

The BSE’s market capitalization first reached $1 trillion in May 2007, ascended to $2 trillion in July 2017, and crossed the $3 trillion mark in May 2021.

 

As of now, India represents 4.19% of the global market capitalization, up from 3.6% at the start of the year. Since January 1, 2024, India's total market value has seen a robust increase of 11.5%, or ₹42.4 lakh crore.


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