 "Ashish Chauhan")
Leading bourse BSE on Thursday saw the market valuation of all its listed companies soaring to USD 3.54 trillion, with its CEO Ashish Chauhan saying it could perhaps be the fifth highest in the world.
Helped by a record rally in equities, the market capitalisation of BSE-listed companies reached its all-time peak of Rs 2,60,78,355.12 crore at close of trade on Thursday.
In a tweet, Chauhan said, "Market cap of listed companies on BSE at Rs 260.78 lakh crore, INR :USD exchange rate at Rs 73.51 per Dollar, India crossed market cap of USD 3.54 trillion today Sept 16,2021. Perhaps, the 5th highest market capitalization country in the world."
While it is difficult to get exact comparable data on a real-time basis for various stock markets globally due to different time zones, the most valued markets include the US (over USD 50 trillion), China (over USD 12 trillion), Japan (nearly USD 7.5 trillion), Hong Kong (over USD 6.5 trillion) and the UK (more than USD 3.5 trillion).
In its third consecutive session of gain on Thursday, the 30-share BSE benchmark Sensex jumped 417.96 points or 0.71 per cent to its new closing peak of 59,141.16. During the day, it zoomed 481.09 points to its all-time high of 59,204.29.
In three days, the benchmark Sensex has gained 963.4 points. Investors have become richer by over Rs 4.46 lakh crore in three sessions of market rally.
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On May 24 this year, the market capitalisation of all listed companies on the exchange touched the USD 3-trillion mark.
Notwithstanding pandemic woes, the market capitalisation (m-cap) shot up to USD 2.5 trillion on December 16, 2020.
The exchange had seen listed firms' valuation going past the USD 1-trillion level on May 28, 2007.
The journey from USD 1 trillion to USD 1.5 trillion was covered in 2,566 days or just over seven years on June 6, 2014.
The m-cap of its listed companies reached USD 2 trillion on July 10, 2017 -- taking 1,130 days from the USD 1.5-trillion level.
From there, it took 1,255 days to go past the USD 2.5-trillion mark on December 16, 2020. It reached the milestone of USD 3-trillion on May 24, 2021.
The benchmark index has gained 11,389.83 points or 23.85 per cent so far this year.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
