Bombay Stock Exchange updates: Indian equity market achieves landmark $4-trillion market cap milestone for first time
Bombay Stock Exchange updates: The combined market value of all publicly listed companies on the prominent BSE (Bombay Stock Exchange) achieved a significant milestone, crossing the USD $ 4-trillion mark for the first time on Wednesday.
In early trading, the 30-share BSE Sensex surged by 305.44 points to reach 66,479.64, commencing the day on a positive trajectory. The market capitalisation of BSE-listed companies soared to Rs 3,33,26,881.49 crore in the morning session, equating to $4 trillion based on the exchange rate of 83.31, fueled by upbeat sentiments in the equity market.
Throughout the year, the Bombay Stock Exchange benchmark Sensex has experienced a robust climb of 5,540.52 points or 9.10 percent. Consequently, the overall market capitalisation of listed firms on the platform has surged by approximately Rs 50.81 lakh crore. The pinnacle for the 30-share benchmark was reached on September 15 this year, achieving an all-time high of 67,927.23.
The list of markets exceeding the USD 4-trillion market capitalisation threshold includes the US, China, Japan, and Hong Kong.
Earlier, on May 24, 2021, the market capitalisation of all listed companies on the BSE had breached the $3-trillion mark. Notably, the exchange had witnessed the valuation of listed firms surpassing the $1-trillion level on May 28, 2007. The trajectory from USD 1 trillion to $1.5 trillion was accomplished in 2,566 days, slightly over seven years, by June 6, 2014. Subsequently, the leap to $2 trillion took place on July 10, 2017, within 1,130 days from the $1.5-trillion level.
The journey further continued, and the milestone of $2.5 trillion was reached on December 16, 2020, within 1,255 days from the $2-trillion mark.
- With inputs from agencies
