India's total market capitalization hits ₹400 lakh crore mark: Top points

Stock market today: Since April 2023, BSE listed firms gained ₹145 trillion in market capitalisation and saw a 57% surge.

Updated on: Apr 8, 2024, 11:14:48 IST

By HT News Desk

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Market capitalisation of BSE all listed companies crossed ₹400 lakh crore for the first time as it hit a lifetime high amid rally in blue-chip, mid-cap and small-cap indices. In March 2014, BSE achieved a market capitalization of ₹100 lakh crore for the first time which was followed by ₹200 lakh crore in February 2021. BSE reached ₹300 lakh crore in July 2023.

Stock market news: A man walks past the bull statue at BSE building in Mumbai. (PTI)

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How much have BSE listed firms gained in m-cap?

What about Mid and Small Cap indices?

Mid and Small Cap indices saw a surge of 60% and 63%. They outpaced the 28.6% rise in the Largecap Sensex index while leading sectors included Realty, PSU banks, Auto, Energy, Infra and Pharma.

What Motilal Oswal Securities said on Indian economy and GDP?

Read more: Sensex, Nifty hit fresh record highs: Why is stock market rising today?

Motilal Oswal Securities said that India's GDP is set to surpass $4 trillion by FY25/26 and $8 trillion by FY34. It noted, “India is enjoying a mini-Goldilocks moment with solid macroeconomics, healthy earnings, stable interest rates, moderate inflation, and consistent policy momentum. We're confident in India's medium-term potential, focusing on domestic cyclicals like financialization, private investment, consumption, real estate, and infrastructure development. Expect intermittent volatility from events like General Elections’24 and global macro shifts. Our model portfolio reflects our faith in domestic themes.”

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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