The combined market valuation of all
listed companies on the leading stock exchange BSE reached the US$ 4-trillion
milestone for the first time ever today.
The 30-share BSE Sensex climbed 305.44
points to 66,479.64 in early trade after beginning the day on a positive note.
Thanks to the optimism in equities, the
market capitalisation of BSE-listed companies reached ₹ 3,33,26,881.49 crore in
morning trade, translating into US$ 4 trillion at the exchange rate of 83.31.
While the BSE benchmark Sensex has rallied
5,540.52 points or 9.10 per cent so far this year, the market capitalisation
(m-cap) of all listed firms at its platform have jumped about ₹ 50.81 lakh
crore.
The 30-share benchmark hit its all-time
peak of 67,927.23 on September 15 this year.
The other markets valued more than US$ 4
trillion of m-cap include US, China, Japan and Hong Kong.
On May 24, 2021, the market
capitalisation of all listed companies on the BSE touched the US$ 3-trillion
mark.
The exchange had seen listed firms’
valuation going past the US$ 1-trillion level on May 28, 2007.
The journey from US$ 1 trillion to US$
1.5 trillion was covered in 2,566 days or just over seven years on June 6,
2014.
The m-cap of its listed companies
reached US$ 2 trillion on July 10, 2017 – taking 1,130 days from the US$
1.5-trillion level.
From there, it took 1,255 days to go
past the US$ 2.5-trillion mark on December 16, 2020.
PTI
