The combined market valuation of all listed companies on the leading stock exchange BSE today reached the $4 trillion milestone for the first time ever.
The 30-share BSE Sensex rose 305.44 points to 66,479.64 in early trade after starting the day on a positive note.
Thanks to the optimism in equities, the market capitalization of BSE-listed companies reached Rs 3,33,26,881.49 crore in morning trade, translating to USD 4 trillion at the exchange rate of 83.31.
While the BSE benchmark Sensex has risen 5,540.52 points or 9.10 per cent so far this year, the market capitalization (m-cap) of all listed companies on its platform has risen by around Rs 50.81 lakh crore.
The 30-share benchmark hit its all-time high of 67,927.23 on September 15 this year.
The other markets with more than $4 trillion in m-cap include the US, China, Japan and Hong Kong.
On May 24, 2021, the market capitalization of all listed companies on the BSE crossed the $3 trillion mark.
The stock market had caused the valuation of listed companies to surpass the $1 trillion level on May 28, 2007.
The journey from $1 trillion to $1.5 trillion was completed in 2,566 days on June 6, 2014, or just over seven years.
The listed companies’ m-cap reached $2 trillion on July 10, 2017, taking 1,130 days from the $1.5 trillion level.
From then on, it took 1,255 days to cross the $2.5 trillion mark on December 16, 2020.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
