BSE Market Cap: The two major indices of the Indian stock market, the BSE Sensex and the National Stock Exchange’s Nifty have created a new history by crossing the figures of 65000 and 19000. But the Indian market is on the verge of touching another new record. The market cap of companies listed in the Indian stock market can touch Rs 300 lakh crore for the first time and it is just a few steps away from crossing this milestone.
When the Indian stock market closed on Monday, the market cap of the listed shares on BSE reached Rs 298.33 lakh crore. This is the record of BSE’s market cap so far. But the market is just a short distance away from touching the market cap of Rs 300 lakh crore. It does not seem impossible to cross this milestone as seen in the stock market.
With the investment of domestic and foreign investors and increasing confidence in the Indian market, the market cap of the Indian stock market may soon cross Rs 300 lakh crore. In the trading session of Monday, July 3, 2023, the market cap of companies listed on BSE closed at Rs 298.33 crore with a jump of Rs 1.88 lakh crore.
Let us tell you that after Hindenburg’s report, the shares of Adani Group were witnessing a decline and the sentiment of the stock market was deteriorating, then on March 20, 2023, the market cap of the companies listed on BSE had come down to Rs 255.64 lakh crore. But during the last three months, on the basis of foreign and domestic investors, the market of listed companies on BSE has come down to Rs 298.33 crore. That is, there has been a jump of Rs 43 lakh crore in the wealth of investors during this period.
But the investors of the stock market are waiting for that historic moment when the market cap of the companies listed on BSE will be able to touch the level of Rs 300 lakh crore.
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