In a remarkable turn of events, the combined market valuation of listed companies on the BSE stock exchange has breached the elusive USD 4 trillion threshold, marking a historic milestone for the Indian equity market.
The optimism coursing through the equities market has played a pivotal role in this surge. During morning trade, the market capitalization of BSE-listed companies reached ₹3,33,26,881.49 crore, translating into USD 4 trillion at the exchange rate of 83.31.
Today, the BSE witnessed a groundbreaking moment as the combined market valuation of all its listed companies breached the USD 4-trillion mark for the very first time. The 30-share BSE Sensex, reflecting this monumental achievement, climbed 305.44 points to 66,479.64 in early trade, setting a positive tone for the day.
New Delhi: The heartbeat of the Indian financial landscape, the BSE Sensex, has surged by an impressive 5,540.52 points or 9.10% in the current year. This significant rally has propelled the market capitalization (m-cap) of all listed firms on the BSE platform to skyrocket, reaching approximately ₹50.81 lakh crore.
The BSE benchmark Sensex, the barometer of Indian markets, has been on a relentless ascent, rallying 5,540.52 points or 9.10% year-to-date. This exceptional performance underscores the resilience and dynamism of the Indian equity landscape.
On September 15 this year, the 30-share benchmark reached its all-time peak at 67,927.23, further solidifying its status as a powerhouse in the global financial arena.
Joining the league of global economic giants, India's equity market now boasts a valuation exceeding USD 4 trillion. This places it in the esteemed company of the United States, China, Japan, and Hong Kong, marking a paradigm shift in the global economic landscape.
USD 3 Trillion Mark (May 24, 2021): The ascent to USD 4 trillion follows closely on the heels of the market capitalization touching the USD 3 trillion mark on May 24, 2021, showcasing a rapid trajectory of growth.
On May 28, 2007, the BSE experienced an incredible moment as the combined value of listed companies surpassed the illustrious USD 1 trillion milestone, setting the stage for future achievements. Over the course of just over seven years and 2,566 days, the market capitalization climbed from USD 1 trillion to USD 1.5 trillion, reaching this impressive marker on June 6, 2014. Continuing to make strides, the market capitalization of listed firms crossed the USD 2 trillion threshold on July 10, 2017, taking only 1,130 days from the USD 1.5 trillion level. Building on this momentum, the climb continued and on December 16, 2020, the market capitalization reached an impressive USD 2.5 trillion, taking just 1,255 days from the USD 2 trillion mark.
This incredible journey not only showcases the rapid growth, but also the sustained upward trajectory of the BSE
In conclusion, the Indian equity market's entry into the USD 4 trillion club is not merely a numerical feat but a testament to the nation's economic prowess. The remarkable journey, punctuated by consistent growth and strategic milestones, positions India as a formidable player in the global financial arena. As the market continues its upward trajectory, the future holds the promise of even greater achievements, cementing India's status as a key player in the world of finance.
The surpassing of the USD 4 trillion mark signifies a historic milestone, showcasing the robustness and dynamism of the Indian equity market on the global stage.
The BSE Sensex has rallied by 5,540.52 points or 9.10% year-to-date, contributing significantly to the surge in market capitalization.
The BSE first witnessed the valuation of listed firms surpassing the USD 1 trillion level on May 28, 2007.
India joins the ranks of global economic giants, including the United States, China, Japan, and Hong Kong, with a market capitalization exceeding USD 4 trillion.
The journey has been marked by strategic milestones, with the market capitalization reaching USD 2 trillion on July 10, 2017, and further ascending to USD 4 trillion in the current historic achievement.
Venture Studio Capital your trusted partner in finance, strategic planning, fundraising, and startup mentoring.
Office No: 44/2200 Gandhi Nagar, Opp. to Kalanagar Bus Stop, W. Exp. Highway Bandra East.
projects@venturestudiocapital.com
venturestudiocapital@gmail.com
All rights reserved By © Venture Studio Capital. Design By Mr.SDS