Market cap of BSE firms hits $5 trillion for first time

India has now become the fifth largest country in terms of market cap after the USA ($55 trillion), China ($ 9 trillion), Japan ($6.1 trillion) and Hong Kong ($5.5 trillion), market analysts said.

“The $5 trillion market cap for BSE listed companies is a major milestone that reflects the sustained momentum of the Indian stock market. It is important to understand that this landmark has been achieved when the market is almost flat, trading in a range. This means the contribution to the up move in market cap has come from the broader market. PSUs have contributed significantly to this achievement,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

On Tuesday, the BSE’s 30-share Sensex closed at 73,953.31, down 52.63 points, or 0.07 per cent.

The overall market cap of the BSE firms had touched $4 trillion for the first time in November last year and reached the $3 trillion mark in May 2021.