Indian Stock Market: The Indian stock market created another history on 5 July 2024. For the first time, the market capitalization of stocks listed on BSE has managed to touch Rs 450 lakh crore. In the last one month on 4 June 2024 Lok Sabha Elections Since the fall on the day of the results, the market cap of the Indian market has jumped by more than Rs 55 lakh crore.
Market cap 450 lakh crore for the first time
In today’s trading, the shares of market giants SBI, Reliance HUL and Larsen saw a strong rally. Along with this, the enthusiasm of midcap and smallcap stocks was also seen high. Due to this, the market cap of the stocks listed on BSE reached Rs 450 lakh crore for the first time. However, at the end of trading, it closed at a market cap of Rs 449.88 lakh crore.
Market cap increased by 100 lakh crores in 7 months
In the last trading session of the year 2023, the market cap of the stocks listed on BSE closed at Rs 364.05 lakh crore. That is, in the six months of 2024, the valuation of Indian markets has jumped by about Rs 86 lakh crore. Whereas in the last seven months, the market cap has jumped by more than Rs 100 lakh crore. In February 2021, the market cap of Indian markets used to be Rs 200 lakh crore, which has now more than doubled. In January 2015, the market cap used to be Rs 100 lakh crore.
Indian markets at historic high
According to valuation, Indian stock market has become the fourth largest stock market in the world. Not only market cap, but Sensex is trading at the level of 80,000 on one hand, while Nifty is also trading at a lifetime high of above 24,300. Nifty Bank has been successful in crossing the figure of 53000 which is a record high, while the midcap index of Nifty has crossed 57000 for the first time. The smallcap index is on the verge of crossing 19000. The market is getting strong support from retail investors along with foreign investors. This is the reason why the Indian market is making new records every day.
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