Market cap of BSE-listed firms hit $4trillion mark for the first time ever
The market valuation of BSE-listed companies crossed a record $4 trillion for the first time on November 29, on the back of positive market sentiment in Indian equities.
The 30-share Sensex climbed 305.44 points to 66,479.64. The Sensex had hit a record 67,927.23 on 15 September this year. It had hit the $3 trillion mark in May 2021.
Market capitalisation of BSE-listed companies reached ₹3,33,26,881.49 crore, or $4 trillion at the exchange rate of 83.31.
Meanwhile, Nifty rose over 141 points to cross the 20,000-mark. It’s intra-day high stood at 20,031.25.
This surge comes after Fed Governor Christopher Waller flagged a possible rate cut in the months ahead.
Meanwhile, foreign institutional investors, who were on a selling spree in the last two months of September and October, have also begun buyering Indian equities this month. In November month so far, net FII buying stands at ₹2,901 crore.
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Updated: 29 Nov 2023, 11:42 AM IST
