Investors Wealth: The Indian stock market closed at a historic high on Wednesday, July 31, 2024. At the close of the market, the market capitalization of the stocks listed on the BSE reached Rs 462.38 lakh crore. With this, the market cap of the Indian market has crossed $ 5.5 trillion.
Market cap at all-time high
Due to the spectacular rise in the Indian stock market on Wednesday, the market cap of the stocks listed on the BSE closed at Rs 462.38 lakh crore. As soon as the market cap crossed Rs 460.91 lakh crore, the market capitalization in dollar terms went above $5.5 trillion. On May 22, 2024, for the first time, the market cap of the Indian stock market crossed $5 trillion. And in less than two and a half months, the Indian stock market has seen a jump of half a trillion dollars.
Market cap exceeds 5.5 trillion dollars
If we look at the journey of market capitalization of the Indian stock market, the market cap crossed $1 trillion for the first time on 28 May 2007. It took two decades to reach a market cap of $2 trillion. It took less than two years to reach a market cap of $3 trillion to $4 trillion. It took less than six months to reach a market cap of $4 to $5 trillion. Last year, on November 29, 2024, for the first time, the market cap of the Indian stock market was successful in crossing the historic target of $4 trillion. And just eight months later, the market valuation of the Indian stock market has jumped by $1.5 trillion to a historic high of $5.5 trillion.
Market cap increased by Rs 70 lakh crore in 2 months
On June 4, 2024 when
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