BSE’s Total Market Capitalisation Hits Rs 400 Lakh Crore for the First Time!

Indian markets started the week with bullish sentiment, with major indices such as the Nifty50 and Sensex trading at their respective record levels.

Bombay Stock Exchange (BSE), India’s oldest stock exchange, achieved a significant milestone as the combined market capitalisation of all listed stocks on the BSE surpassed the Rs 400 lakh crore mark for the first time ever on Monday.

The BSE’s market capitalisation journey has been remarkable, hitting milestones along the way. It crossed a Rs 50 lakh crore mark in 2007, followed by Rs 100 lakh crore in 2014, and reached Rs 200 lakh crore in February 2021 and Rs 300 lakh crore in July 2023. These milestones reflect the steady growth and significance of the Indian stock market on a global scale.

Today’s achievement comes after the BSE reached the Rs 300 lakh crore mark on July 5, 2023, a day when the Sensex closed at approximately 65,446 levels at an all-time high at that time. Since then, the Sensex has surged by around 14% in 279 days, currently trading at approximately 74,643 levels today.

Sensex Performance:

Today, the Sensex opened at 74,555.44 and reached intraday highs and lows of 74,673.84 and 74410.07, respectively. Currently, it is trading around 74,643, reflecting a 0.53% increase compared to Friday’s closing levels.

Looking at historical returns, the Sensex has delivered impressive results, with a 37% return in the past year and a remarkable 60% return over the past three years. Over the past decade, the Sensex has yielded astounding returns of over 580% to investors.

The recent rally has seen significant gains in smaller stocks, with numerous small and midcap stocks offering multibagger returns. The Rs 100 lakh crore gain in the last 9 months also includes the impact of various new listings such as IPOs including main board and SME IPOs, or other equity fundraising, although the majority of gains have stemmed from the rise in share prices.

Looking ahead, market movements will likely be influenced by central bank rate actions, outcomes of elections including the Lok Sabha and US presidential elections, and earnings seasons, which are anticipated to be major triggers for stock prices.

Top performing Sensex stocks in the last one year:

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.