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India’s m-cap hits $5-trillion mark

by Blitz India Media
May 23, 2024
in Business & Economy
0
Indian markets
Team Blitz India

INDIA’S market capitalisation (mcap) hit the $5-trillion milestone on Tuesday, with the buoyant domestic markets adding $1 trillion in market value in under six months. This makes India the fifth country region to join the exclusive $5-trillion m-cap club, alongside the US, China, Japan and Hong Kong. BSE’s total market capitalization scaled the $4 trillion-mark in November 2023 and took about six months to add another $1 trillion to it to race past $5 trillionlevels, thanks to the strong bull run. BSE-listed firms reached the market cap of $1 trillion back in May 2007, doubling in over a decade to $2 trillion in July 2017, and then reaching the $3 trillion mark in May 2021.

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