The total market value of companies listed on the Bombay Stock Exchange, Mumbai, BSE, reached 400 lakh crore rupees for the first time yesterday.
What is the market cap of the Indian stock exchange
This has been helped by strong performance of 'large, mid and small' cap companies for three consecutive trading days and strong performance of major companies.
In nine months, Mumbai Stock Exchange, which is the oldest stock market in Asia, has reached a market value of Rs 400 lakh crore from Rs 300 lakh crore in just nine months.
Market experts said: 'HDFC', the bank's strong performance and the good sales situation of the auto industry, have increased the confidence of investors on the country's economy. Additionally, Reliance Industries, the country's largest company by market value, has also performed well.
2014 November Rs.100 lakh crore. 2021 February Rs. 200 lakh crore. 2023 July Rs. 300 lakh crore. 2024 April Rs. 400 lakh crore.
Great opportunity, Multinational companies are increasingly shifting their manufacturing plants to India. With its vast landscape and excess capacity, India is a great opportunity for companies looking to relocate their business from China.
Indian stock markets can be expected to continue to perform well in the coming days as investors believe that political stability will continue in the country.