India's market cap surpasses $5.5 trillion, showing impressive growth and economic strength.

From Business Standard: 2024-07-30 09:40:58

India’s market capitalisation surpassed $5.5 trillion for the first time on Tuesday, showing impressive growth from $5 trillion just two months prior. The combined market cap of all BSE-listed companies now stands at Rs 461 trillion ($5.5 trillion), highlighting India’s economic strength and market outperformance.

The rapid growth in market capitalisation has been fueled by India’s macroeconomic stability, robust growth, and abundant liquidity post-pandemic. The return of foreign portfolio investors (FPI) and domestic investors has also played a significant role in driving market growth, with small- and mid-caps seeing an increase in their share of the overall market cap.

India’s market capitalisation milestone of $5 trillion on May 24, 2024, marked a significant achievement, and since then, the country has continued to ascend the global rankings. Surpassing Hong Kong earlier this year as the world’s fourth-largest stock market, India has solidified its position and expanded its lead over other financial centers.



Read more at Business Standard: India’s total market cap touches all-time high of $5.5 trn for first time | Stock Market Today