New Delhi: The combined market valuation of all listed companies on the leading stock exchange BSE reached the $4 trillion milestone for the first time ever Wednesday.
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 Rs 3,33,26,881.49 crore in morning trade, translating into $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 Rs 50.81 lakh crore.
The 30-share benchmark hit its all-time peak of 67,927.23 September 15 this year.
The other markets valued more than $4 trillion of m-cap include the US, China, Japan and Hong Kong.
On May 24, 2021, the market capitalisation of all listed companies on the BSE touched the $3 trillion mark.
The exchange had seen listed firms’ valuation going past the $1 trillion level May 28, 2007.
The journey from $1 trillion to $1.5 trillion was covered in 2,566 days or just over seven years June 6, 2014.
The m-cap of its listed companies reached $2 trillion July 10, 2017 — taking 1,130 days from the $1.5-trillion level.
From there, it took 1,255 days to go past the $2.5-trillion mark December 16, 2020.
PTI