Now, mcap on NSE shoots over $4trn
Market capitalisation of listed companies rose CAGR of 17.5% in last 10 yrs
Nifty snaps two-day decline in choppy trading session
Still Long Way To Go
- Only 0.35% of total pvt cos registered with MCA are listed on exchanges
- Daily avg turnover rose 27% in equity segment, 5% in equity derivatives
- In last 10 years, equity daily avg turnover rose over 6x, equity derivatives up over 5x
- In FY24 till Oct, over Rs5 lakh cr mobilized via primary mkt
New Delhi: The market capitalisation (mcap) of listed companies on the NSE has surpassed the $4 trillion (Rs334.72 trillion) mark for the first time ever, with the benchmark Nifty hitting its all-time high of 20,291.55 last Friday.
The benchmark Nifty climbed 134.75 points or 0.67 per cent to settle at an all-time high of 20,267.90 on Friday. During the day, the benchmark reached its intra-day record high of 20,291.55. The Nifty-500 index also touched an all-time high of 18,141.65 on the same day, indicating that the equity market rally is not restricted to only the large-cap stocks.
“The achievement of this milestone is a testament of the vision outlined for the Amrit Kaal which includes a technology-driven and knowledge-based economy with strong public finances, and a robust financial sector,” NSE said in a statement on Sunday.
The journey of market capitalisation of listed companies rising from to $2 trillion (in July 2017) to $3 trillion (in May 2021) took about 46 months.
