Much Before Indian GDP, Indian Equity Market Enters USD 4-Trillion M-Cap Club For First Time Ever

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 USD 4 trillion at the exchange rate of 83.31.

While the BSE benchmark Sensex has rallied 5,540.52 points or 9.10 percent so far this year, the market capitalisation (m-cap) of all listed firms on its platform has 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 USD 4 trillion in m-cap include the US, China, Japan, and Hong Kong.

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On May 24, 2021, the market capitalization of all listed companies on the BSE touched the USD 3 trillion mark. The exchange had seen listed firms' valuation going past the USD 1-trillion level on May 28, 2007. The journey from USD 1 trillion to USD 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 USD 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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(Disclaimer: This story has been directly published from the agency feed. No changes have been made except the headline)