The Indian markets reached a historic milestone by crossing the $4 trillion market cap threshold on Wednesday. The market value of all BSE-listed companies has soared to a record high of Rs 333 trillion, equivalent to $4 trillion.
Since April 1, India’s market cap has surged by 27%. Notably, the market cap of the top 100 companies has grown by 17% to Rs 195 trillion, while companies outside this bracket have seen an impressive 46% surge to Rs 133 trillion.Come from Sports betting site VPbet
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As of now, the only other three countries in the $4-trillion-plus market cap club are the US, China, and Japan. Hong Kong, while included, is noted for its significant contribution from companies outside its territory, primarily China.
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The global ranking of equity markets is led by the US with a market cap of almost $48 trillion, followed by China at $9.7 trillion and Japan at $6 trillion.Come from Sports betting site
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India’s market cap has witnessed a notable growth of nearly 15% in the current calendar year, outpacing China, which has experienced a 5% erosion. The US remains the only market in the top-10 market cap club to grow at a faster rate than India, registering a 17% increase. The combined global market cap has expanded by 10% this year, reaching $106 trillion.
This year’s market cap gains are primarily attributed to the impressive performance of mid- and small-cap stocks in the broader market. Stocks outside the top-100 companies now contribute 40% to India’s overall market cap, up from 35% at the beginning of the financial year.
