Indian equity market enters coveted $4-trillion m-cap club for first time ever


PTI, Nov 29, 2023, 11:50 AM IST

New Delhi: The combined market valuation of all listed companies on the leading stock exchange BSE reached the USD 4-trillion milestone for the first time ever on Wednesday.

The 30-share BSE Sensex climbed 305.44 points to 66,479.64 in early trade after beginning the day on a positive note.

Thanks to the optimism in equities, the market capitalisation of BSE-listed companies reached Rs 3,33,26,881.49 crore in morning trade, translating into $4 trillion at the exchange rate of 83.31.

While the BSE benchmark Sensex has rallied 5,540.52 points or 9.10 per cent 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.

The exchange had seen listed firms’ valuation going past the USD 1-trillion level on May 28, 2007.

The journey from $1 trillion to $1.5 trillion was covered in 2,566 days or just over seven years on June 6, 2014.

The m-cap of its listed companies reached USD 2 trillion on July 10, 2017 — taking 1,130 days from the $1.5-trillion level.

From there, it took 1,255 days to go past the USD 2.5-trillion mark on December 16, 2020.

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