The market cap of listed companies will reach Rs 370 lakh crore
The new companies will contribute Rs 20 lakh crore to the market cap in three years Mumbai: The market cap of listed companies is expected to reach ૫ 3 trillion (Rs 20 lakh crore) in the next three years. At present, the market cap is close to ૫ 4.5 lakh crore, or Rs 20 lakh crore. In this way, the market cap will grow by more than Rs 100 lakh crore in three years. Global brokerage firm Goldman Sachs expects stock market sentiment to be strong right now. Foreign investors continue to invest. Rapid market growth in the current month, the Bombay Stock Exchange (BSE) has overtaken France to become the sixth largest market cap. The brokerage firm has said that the contribution of new companies to the market cap will be Rs 20 lakh crore. However, in recent times, these companies have added about Rs 2.50 lakh crore. By the end of this year, 30 IPOs are expected. More than 30 of these can come in October and November. Startups like Zomato will contribute more to the market cap. Its market...