The market cap of BSE listed companies crossed four lakh crore for the first time

- Market cap of global stock markets crosses $106 trillion

- So far in the current calendar year, India's stock market has increased by 15 percent, while China's has decreased by 5 percent.

MUMBAI: Indian stock markets have crossed the historic four trillion dollar market capitalization milestone for the first time today with a universal stormy boom in stocks. Currently, there are only three countries in the club of more than four trillion dollars i.e. Rs.333.29 lakh crore market cap. BSE Sensex gained 727.71 points to close at 66901.91 while NSE Nifty rose 206.90 points to close at 20,096.60.

Which includes America, China and Japan. Hong Kong is also included in this club, although the major contribution is mainly from Chinese companies elsewhere. Investors had to wait for 16 years to reach $1 trillion to $4 trillion. A trillion dollar market cap of BSE listed stocks was seen in May 2007.

A broad rally in stocks today crossed the record of combined market capitalization of Bombay Stock Exchange-BSE listed companies of Rs 333 lakh crore, which is more than four trillion dollars in dollar terms.

With a market capitalization of $48 trillion, the US is currently the world's largest equity market. It is followed by China with $9.7 trillion and Japan with $6 trillion. India's market capitalization has grown by 15 percent so far in the current calendar year, while China's market cap has seen a decline of five percent. US in top-10 market cap club It is the only market which has grown faster than India at the rate of 17 percent. The combined market capitalization of global markets has increased by 10 percent this year to reach 106 trillion dollars.

The growth in market capitalization this year has been largely driven by growth in mid-market and small-cap stocks. Stocks outside the top-100 now contribute 40 percent to the country's market cap. Which was 35 percent at the beginning of this financial year. India's market capitalization has increased by 27 percent since April 1.

Meanwhile, the market cap of the top companies has increased by 17 percent to Rs 195 lakh crore. While the market cap of companies other than the top 100 has increased by 46 percent to Rs 133 lakh crore. Analysts say India's strong earnings, macro stability and domestic flows make it a strong market.

In recent weeks, around half a dozen foreign brokerages, including Goldman Sachs, JP Morgan, Morgan Stanley and CLSA, have recommended higher allocations to India in the emerging markets and Asia Pacific basket, even as valuations remain relatively expensive.

Talking about the journey of the Indian stock market to a market cap of four trillion dollars, in May 2007, the market cap of BSE listed companies crossed the 1 trillion dollar mark for the first time. However, it took a period of ten years to reach two trillion dollars and this level was seen in July 2017.

With the addition of various companies, the market cap increased to three trillion dollars in May 2021. However, after crossing the journey of one trillion dollars in two and a half years, it has achieved the achievement of four trillion dollars today.

The market cap increased by 1 lakh crore in the last two and a half years

- The last 1 lakh crore was raised in just two and a half years

BSE's market capitalization has crossed the record level of $4 lakh crore with the benchmark index registering a huge jump of one per cent on Wednesday. Since the beginning of this year, the market cap of BSE listed companies has increased by 60,000 crore dollars and today it is 4.01 lakh crore dollars i.e. Rs. 333 lakh crore has reached. However, the benchmark equity index BSE Sensex is still about one-and-a-half percent below the record high touched on September 15.

The Sensex crossed the $1 trillion market cap level for the first time in May 2007 and took 10 years to cross the $2 trillion mark. In July 2017, the market capital of BSE crossed 2 lakh crore dollars, the last one lakh crore market capital has been added in the last two and a half years only.

In May 2021, the Indian market achieved the milestone of 3 trillion dollars and today it has crossed 4 lakh crores in the last sessions of November.