Market cap of BSE-listed companies hits $3 trillion for the first time

The combined market capitalisation of BSE-listed firms crossed the coveted $3-trillion mark for the first time on Monday. This is a remarkable feat, considering it had slipped below $1.5 trillion in March 2020 at the peak of the Covid-induced sell-off. 

The extremely easy monetary stance has fuelled an unprecedented rally in global equities over the last one year, with many markets recording lifetime highs. India had first hit the $1-trillion m-cap mark in May 2007. It managed to double the level in 10 years. The latest $1 trillion has come at a relatively faster clip — in four years. On all