Business Standard

India's market capitalisation nears peak after broader market rally

Though the rally has eased slightly, the m-cap is only 1% shy of a record, despite Nifty being down 6% from its all-time high reached in January

Following the sharp run-up, returns are expected to plateau.

Since June, the Nifty Small-cap 100 index has gained 54 per cent and the Nifty Midcap 100 has risen 32 per cent. In comparison, the Nifty 50 index has gained 21 per cent during the same period.

Sundar SethuramanSamie Modak Thiruvananthapuram/Mumbai
India’s market capitalisation (m-cap) is nearing a new peak even as the benchmark indices and banking stocks, in particular, trade considerably below their record levels.

On Wednesday, the combined m-cap of all BSE-listed companies rose to Rs 160.1 trillion, less than 0.5 per cent below the all-time high of Rs 160.6 trillion seen at the start of the year.

Following losses in the two previous trading sessions, the m-cap has now declined to Rs 159 trillion, but it is only 1 per cent shy of a record.

Interestingly, the m-cap has neared this landmark despite the fact that the Nifty is still down

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First Published: Sep 18 2020 | 7:20 PM IST

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