These days the Indian stock market is riding on the unstoppable chariot of records. A tremendous rally is being seen in the market and this bull run is so great that both the major stock markets are continuously making new records. The latest record has been made in the case of MCAP. After BSE, now the market cap of NSE companies has also crossed 4 trillion dollars.
NSE’s record made on December 1
NSE India in a statement on Sunday Told that the combined market capitalization of Indian companies listed on its platform has now crossed 4 trillion dollars. According to NSE India, this record was made on December 1, when NSE’s Nifty 50 index made a new historical high of 20,291.55 points. Apart from the Nifty 50 index, on December 1, the Nifty 500 index also made a historical high of 18,141.65 points.
It has proved to be excellent Year 2023
This year is proving to be a great year for the Indian stock market. During the last few months, both the major stock markets BSE and NSE have made many records. Sensex and Nifty have continuously reached new heights during this period. A tremendous rally is still being seen in the domestic market. The domestic market has been strengthening for five consecutive weeks.
In this way, the market is on the rallying chariot
During the last 5 weeks, the Sensex has strengthened by about 3,700 points (about 6 percent). . During the last week, a rise was recorded in all major 13 sectors on NSE. Record rise was also recorded in midcap. Its index has become stronger for 15 consecutive sessions. Midcap has increased by 10.4 percent in the month of November. Similarly, the smallcap index has strengthened by 12 percent in the month of November.
BSE made a record a few days ago
Just a few days before this, the market cap of companies listed on BSE reached 4 trillion dollars. Has crossed. BSE achieved this record on 29 November. This is the first time in history for BSE and NSE, when the combined mcap of their listed companies has crossed 4-4 trillion dollars. With this, both the exchanges have entered the club of select global stock exchanges whose companies’ mcap is more than $4 trillion.
Enthusiasm on the GDP front as well
The market cap of NSE and BSE companies has crossed 4 trillion dollars at a time when the size of India’s economy is also on the threshold of crossing the 4 trillion dollar level. Currently, the size of India’s GDP is between three and a half to four trillion dollars. It is estimated that India will become the world’s third largest economy by 2027, leaving behind Germany and Japan, and the GDP size can reach 45 trillion dollars by 2050.
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