The collective market capitalization of companies listed on the Bombay Stock Exchange (BSE) has soared to a historic high, surpassing the $4 trillion mark as of November 29. This milestone represents an upward surge of over $600 billion since the beginning of this year, illustrating the sustained upward trajectory of Indian equities.
The total market cap (MCap) of BSE-listed companies hit an impressive $4.01 trillion, equivalent to over Rs 333 trillion. Despite this monumental achievement, the benchmark Sensex remains approximately 2 percent below its peak recorded on September 15.
This achievement signifies a significant journey for BSE-listed firms. In May 2007, these companies collectively reached a $1 trillion market cap, and it took over a decade for this valuation to double, despite the addition of numerous new entities to the exchanges. The $2 trillion milestone was surpassed in July 2017, followed by the $3 trillion mark in May 2021.
The sustained rally in Indian equities has been a driving force behind this remarkable surge in market valuation. Despite market fluctuations and brief downturns, the overall trajectory has remained upwards, underlining investor confidence and the resilience of the Indian stock market.
This achievement reflects the growth and dynamism of the Indian economy, showcasing the evolution of the BSE-listed companies and their collective valuation. While the Sensex is slightly below its peak, the overall trajectory remains positive, signifying the continued strength and potential of the Indian stock market.