India Becomes the Fifth Largest Market-Cap Country after the US, China, Japan, and Hong Kong with $5 Trillion Market Cap
In a groundbreaking development, India has ascended to the prestigious position of being the fifth-largest market-cap country globally, boasting a staggering market capitalization of $5 trillion. This significant achievement underscores India's growing influence and prominence in the global economic landscape, propelled by a robust performance in various sectors and sustained investor confidence. Let's delve into the implications and factors contributing to this remarkable milestone. The market capitalisation of BSE-listed companies jumped to a closing lifetime peak of Rs 414.62 trillion ($4.99 billion) on Tuesday helped by a eight-day rally in benchmark indices, making investors richer by Rs 21.27 trillion. Since March 13, 2024, the market capitalisation of BSE-listed companies increased by Rs 42.46 trillion from Rs 372.17 trillion, the BSE data shows. The market capitalisation of companies listed on BSE crossed a record $5 trillion for the first time in intra-day trades on T...
