Double Delight For Indian Equities! After NSE's 20,000 Mark, BSE Market Cap Breaches $4 Trillion In A First

double delight for indian equities! after nse’s 20,000 mark, bse market cap breaches $4 trillion in a first

In an extraordinary display of market resilience and growth, Indian equities have hit two big milestones today. For the first time ever, the Bombay Stock Exchange (BSE) witnessed its market capitalisation soar past a staggering $4 trillion. This good news came right at the heels of another jubilant moment for markets earlier in the day. Earlier, the NSE Nifty 50 index had already set the stage for celebration by crossing the 20,000 point mark, a level it had been flirting with for the past two months. On November 29, it touched a high of 20,008.63, with 46 of its constituent stocks advancing, propelling the index into bullish territory. The NSE Nifty 50 index was up by 0.60% to 20,008.45 points, reclaiming its prestigious position since September 20, 2023.

The back-to-back achievements mark a moment of double delight for the Indian financial markets.

The BSE Sensex, a 30-share benchmark, surged by 305.44 points to an impressive 66,479.64 in early trade, encapsulating the bullish sentiment that has gripped the market, PTI reported. This surge in the Sensex is a reflection of the broader economic optimism, with the market capitalisation of BSE-listed companies reaching an astonishing Rs 3,33,26,881.49 crore. Translated to USD at the exchange rate of 83.31, this figure comfortably eclipses the $4 trillion milestone.

The Sensex’s rally of 5,540.52 points or 9.10 per cent this year is not just a number; it’s a testament to the market’s resilience and forward momentum. Similarly, the market capitalisation of all listed firms on the BSE platform has witnessed an extraordinary jump of about Rs 50.81 lakh crore, underscoring the market’s robust growth.

This monumental achievement places India in an elite club of markets with over $4 trillion in market cap, joining the ranks of the US, China, Japan, and Hong Kong. It’s a moment of pride and a significant marker of India’s growing influence in the global financial landscape.