5 trillion dollar indian stock market
The Indian stock market has achieved a remarkable feat by piling up $1 trillion in wealth within 6 months. It also entered the prestigious $5 trillion market cap for the first time.
At the close of trading yesterday, the total market capitalization of listed companies, considered investor wealth, stood at a record high of Rs 414.62 lakh crore. It is noteworthy that this feat was achieved in just six months. The market cap has touched $4 trillion on 29 November 2023. With this achievement, India has become the 5th largest stock market. The markets of Hong Kong, Japan, China, and the USA are ahead of India.
Stock markets started with losses on Tuesday morning and ended flat. The BSE Sensex fell 98.05 points to 73,907.89, while the NSE Nifty50 rose 24.4 points to 22,526.4.
While the Nifty and Sensex indices were skeptical after the last week’s performances investors continued to buy stocks. As per the political experts, this trend is going to be upward if NDA completes a hat-trick win and Modi will become the Prime Minister once again.