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Thursday, June 24, 2021

Fastest $500-billion jump takes BSE m-cap to $3 trillion for first time

The 30-share benchmark Sensex jumped 111.42 points, or 0.22 per cent, to close at 50,651.90.

By: ENS Economic Bureau | Mumbai |
Updated: May 25, 2021 3:31:07 am
bse, bombay stock exchangeBombay Stock Exchange (BSE) in Dalal Street (Express photo by Nirmal Harindran)

The market capitalisation of companies listed on the BSE, India’s oldest stock exchange, on Monday hit $3 trillion for the first time.

According to exchange officials, market capitalisation of BSE-listed companies stood at Rs 2,18,94,202 crore ($3 trillion). During the day, the market capitalisation of BSE-listed companies went past the Rs 219 lakh crore level. “Market capitalization of equities of listed companies on @bseindia reached $3 trillion intraday for the first time ever,” BSE’s MD and CEO Ashishkumar Chauhan tweeted.

The m-cap shot up to $2.5 trillion on December 16, 2020. On Monday, the valuation touched $3 trillion and the time taken for adding the last $500 billion was 159 days— the fastest till now.


Falling caseload helps

The steady decline in fresh Covid cases and hopes of the lockdown being lifted soon influenced the domestic market to extend the gains.

The world’s largest bourse in terms of market capitalisation is New York Stock Exchange ($25.62 trillion) followed by Nasdaq ($19.51 trillion), Hong Kong ($6.76 trillion) and Shanghai ($6.56 trillion).

The 30-share benchmark Sensex jumped 111.42 points, or 0.22 per cent, to close at 50,651.90.

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