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Indian equity markets scripts new history by entering $4 trillion club

Mumbai: The Indian equity markets created new history by entering the elite $4 trillion club. The  combined market valuation of all listed companies on the Bombay Stock Exchange (BSE) has  reached the $4-trillion e for the first time ever today. The 30-share BSE Sensex climbed 305.44 points to 66,479.64 in early trade.

The  market capitalisation of BSE-listed companies reached Rs 3,33,26,881.49 crore in morning trade. It translates to $4 trillion at the exchange rate of 83.31.

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While the BSE benchmark Sensex has rallied 5,540.52 points or 9.10% so far this year, the market capitalisation (m-cap) of all listed firms at its platform have jumped about Rs 50.81 lakh crore. The 30-share benchmark hit its all-time peak of 67,927.23 on September 15 this year.

The other markets valued more than $4 trillion of m-cap include the US, China, Japan and Hong Kong.

On May 24, 2021, the market capitalisation of all listed companies on the BSE touched the $3-trillion mark. It reached at $1-trillion level on May 28, 2007. It reached at $1.5 trillion in  2,566 days or on June 6, 2014.

The m-cap of its listed companies reached $2 trillion on July 10, 2017 — taking 1,130 days from the USD 1.5-trillion level. From there, it took 1,255 days to go past the $2.5-trillion mark on December 16, 2020.

 

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