Dalal Street makes stunning entry into $4-trillion market value club

The combined market valuation of all listed companies on the leading stock exchange BSE reached the USD 4-trillion milestone for the first time ever on Wednesday, mirroring a positive trend in equities.

What is remarkable about this feat is that it took just two-and-a-half years to hit the USD 4 trillion landmark after the market capitalisation (m-cap) of all listed companies on the BSE touched the USD 3-trillion mark on May 24, 2021. The total valuation of exchange-listed companies went past the USD 1 trillion level on May 28, 2007.

The journey from USD 1 trillion to USD 1.5 trillion was covered in 2,566 days or just over seven years on June 6, 2014. The m-cap of listed companies reached USD 2 trillion on July 10, 2017 -- taking 1,130 days from the USD 1.5 trillion level.

It took ten years for the exchange to reach from USD 1 trillion level to USD 2 trillion in market capitalisation. From there, it took 1,255 days to go past the USD 2.5 trillion mark on December 16, 2020.

In the equity market, the 30-share BSE Sensex jumped 727.71 points or 1.10 per cent to settle at 66,901.91 after beginning the day on a positive note. During the day, it zoomed 772.08 points or 1.16 per cent to 66,946.28.

Thanks to the optimism in equities, the market capitalisation of BSE-listed companies reached Rs 3,33,26,881.49 crore in morning trade, translating into USD 4 trillion at the exchange rate of 83.31.

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