BSE sets new record as m-cap crosses Rs. 200 lakh cr
The market capitalisation of BSE-listed companies on Thursday crossed the historic Rs 200 lakh crore mark for the first time, driven by a continuous rally in the broader market.
Riding high on the bullish investor sentiment, the market capitalisation of BSE-listed companies reached a record Rs 2,00,47,191.31 crore at close of trade. The 30-share BSE index closed the day with a gain of 358.54 points or 0.71 per cent at its lifetime peak of 50,614.29.
"It is a matter of immense pride that, since 1875, BSE has acted as a catalyst to help create immense wealth to the tune of Rs 200 lakh crore amounting to $2.75 trillion. It is heartening to note BSE continues to remain the primary wealth creator of the nation," said Ashishkumar Chauhan, MD and CEO, BSE.
BSE has also become the world's ninth largest exchange in terms of market capitalisation, Chauhan added. In four days, the 30-share BSE benchmark has gained 4,328.52 points or 9.35 per cent, mainly propelled by the euphoria over the Union Budget. Investor wealth has jumped by over Rs 14.34 lakh crore to Rs 2,00,47,191.31 crore in four days.