m-cap: India’s m-cap provides a trillion in 117 days

Mumbai: Complete market capitalisation of all shares listed on the BSE surpassed $5 trillion briefly on Tuesday for the primary time, making India the fifth nation after the US, China, Japan, and Hong Kong to realize this milestone. On the shut of Tuesday’s buying and selling, it stood at $4.97 trillion (₹414.62 lakh crore).

The trillion-dollar market-cap addition to $5 trillion occurred in lower than six months, in 117 periods. The market worth of BSE-listed firms crossed $4 trillion for the primary time on Nov 29, 2023.

Reliance Industries, State Financial institution of India, LIC, Bharti Airtel, and Hindustan Zinc contributed almost 15% to the final $1-trillion surge in market-cap. RIL has added $38 billion (₹3.19 lakh cr) in market-cap, whereas SBI and LIC added $28 billion (₹2.33 lakh cr) and $26 billion (₹2.17 lakh cr) in market cap, respectively, since Nov 29.

The BSE market-cap hit $1 trillion for the primary time in Might 2007, $2 trillion in July 2017, and the $3 trillion mark in Might 2021.

Presently, India contributes 4.19% of the world’s market capitalisation, which has elevated from 3.6% initially of the 12 months. Since Jan 1, 2024, India’s total market capitalisation has gained 11.5%, or ₹42.4 lakh crore.