NEW DELHI: On Thursday, EEB’s leading exchange saw the market valuation of all its listed companies skyrocket to $ 3.54 trillion, and its chief executive, Ashish Chauhan, said it could perhaps be the fifth highest of the world.
With the help of a record rally in equities, the market capitalization of companies listed on the EEB reached its all-time high of Rs 2.60,78,355.12 crore at the close of business on Thursday.
In a tweet, Chauhan said: “Market capitalization of BSE listed companies at Rs 260.78 lakh crore, INR: USD exchange rate to Rs 73.51 per dollar, India crossed the market capitalization of $ 3.54 trillion today March 16 September 2021. Perhaps the fifth highest market capitalization country in the world. ”
While it is difficult to get exact, comparable data in real time for various stock markets globally due to different time zones, the most valued markets include the US (over $ 50 trillion), China (over $ 12 trillion). trillion), Japan (nearly $ 7.5 trillion), Hong Kong (over $ 6.5 trillion), and the UK (over $ 3.5 trillion).
In its third consecutive earnings session on Thursday, the 30-share Sensex BSE benchmark index jumped 417.96 points or 0.71 percent to its new closing high of 59,141.16. During the day, it rose 481.09 points to its all-time high of 59,204.29.
In three days, the benchmark Sensex index has gained 963.4 points. Investors have been enriched by more than Rs 4.46 lakh crore in three sessions of the market rally.
On May 24 of this year, the market capitalization of all publicly traded companies touched the $ 3 trillion mark.
Despite the problems of the pandemic, the market capitalization (m-cap) soared to $ 2.5 trillion on December 16, 2020.
The exchange had seen the valuation of listed companies surpass the $ 1 trillion level on May 28, 2007.
The $ 1 trillion to $ 1.5 trillion journey was covered in 2,566 days or just over seven years on June 6, 2014.
The m-cap of its publicly traded companies reached $ 2 trillion on July 10, 2017, which is 1,130 days from the $ 1.5 trillion level.
From there, it took 1,255 days to break the $ 2.5 trillion mark on December 16, 2020. It reached the $ 3 trillion milestone on May 24, 2021.
The benchmark index has gained 11,389.83 points or 23.85 percent so far this year.