Key highlights: India's total market capitalization surpasses the ₹400 lakh crore milestone.
Dalal Street Hits New Record: India Market Cap Surpasses Rs
400 Lakh Crore for First Time
Summary:
BSE's
market capitalization exceeds ₹400 lakh crore for the first time amid a broad
rally. Since April 2023, a surge of ₹145 trillion, a 57% increase, was driven
by improved indicators, robust earnings, and positive sentiment. Mid and Small-cap indices surged, led by sectors like Realty, PSU banks, Auto, Energy, Infra,
and Pharma.
BSE
Listed Companies' Market Capitalization Surpasses ₹400 Lakh Crore for the First
Time Amid Broad-Based Rally
The
market capitalization of all listed companies on the Bombay Stock Exchange
(BSE) has reached a historic high, exceeding ₹400 lakh crore. This milestone
comes as the blue-chip, mid-cap, and small-cap indices experience a notable
uptrend.
This
achievement marks a significant progression from earlier milestones. In March
2014, the BSE first breached the ₹100 lakh crore mark, followed by ₹200 lakh
crore in February 2021, and ₹300 lakh crore in July 2023.
Since
April 2023, the market capitalization of BSE-listed firms has surged by ₹145
trillion, marking a remarkable 57% increase. This notable uptick is attributed
to a combination of factors, including improved high-frequency indicators,
robust corporate earnings, positive investor sentiment, and significant inflows
from both domestic and international sources.
The
Mid and Small-cap indices experienced impressive surges of 60% and 63%,
respectively, outpacing the 28.6% rise in the large-cap Sensex index. Noteworthy
sectors driving this momentum included Realty, PSU banks, Auto, Energy, Infra,
and Pharma.
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