In a historic achievement, the combined market valuation of all listed companies on the Bombay Stock Exchange (BSE) has crossed the USD 4-trillion mark.
The 30-share BSE Sensex gained 305.44 points, reaching 66,479.64 in early trade.
The market value of BSE-listed companies has now reached Rs 3,33,26,881.49 crore in morning trade, equivalent to USD 4 trillion at the exchange rate of 83.31, reported Indian Express.
This achievement places BSE in the league of global markets valued at more than USD 4 trillion, alongside major players like the US, China, Japan, and Hong Kong.
The BSE first crossed the USD 1-trillion valuation on 28 May, 2007.
The journey from USD 1 trillion to USD 1.5 trillion took just over seven years. Subsequently, the climb to surpass the USD 2.5-trillion mark occurred on 16 December, 2020.
And recently on 24 May, 2021, BSE-listed companies touched the USD 3-trillion mark
The milestone has broader economic implications, contributing to India's narrative on the global financial stage and showcasing the resilience and growth potential of its capital markets.
Nayan Dwivedi is Staff Writer at Swarajya.
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