Indian Stock Market Touches 5 Trillion Dollar Market Cap Milestone First Time

BSE Market Capitalization: The Indian stock market has once again succeeded in touching a new milestone. For the first time, the market capitalization of stocks listed on BSE has crossed 5 trillion dollars. The market cap of stocks listed on BSE closed at Rs 414.62 lakh crore. Earlier, on November 29, 2023, for the first time, the valuation of the Indian stock market had succeeded in crossing 4 trillion dollars. In just six months, the market value of the Indian stock market has increased by one trillion dollars.

Market cap at new high

On Tuesday, May 21, 2024, due to buying in midcap and smallcap stocks, the market cap of the Indian stock exchange has closed at Rs 414.62 lakh crore and with this, the market cap of the Indian stock exchange in dollar terms also managed to cross 5 trillion dollars. Used to be. However, BSE Sensex and National Stock Exchange Nifty are still trading below their lifetime high.

Modi-Shah's statement filled with enthusiasm

The speed with which the market value of the Indian stock market has increased is astonishing. Last year, for the first time on November 29, 2024, the market cap of the Indian stock market was successful in crossing the historical target of $ 4 trillion. But within just six months, the market valuation of the Indian stock market has jumped by one trillion dollars and has reached a historic high of $5 trillion. On May 13, 2024, Home Minister Amit Shah and then Prime Minister Narendra Modi indicated that the stock market will touch new highs. Since then, the market is witnessing a strong rise.

Market cap increased by 2 trillion in 3 years

With the achievement of 5 trillion dollar market cap, the Indian stock market has become the fifth largest market in the world. The American stock market is in first place. China is at second place, Japan is at third place and Hong Kong's stock market is at fourth place. On May 29, 2007, the Indian stock market crossed the target of 1 trillion dollar market cap. After 10 years, on May 16, 2017, the market cap reached $2 trillion. On May 24, 2021, the Indian stock market was successful in touching the market cap of 3 trillion dollars. It has been successful in crossing the historical high of market cap of $ 4 trillion on 29 November 2023 and $ 5 trillion on 21 May 2024.

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