It was a historic day on Dalal Street as the market capitalisation of all listed firms on the Bombay Stock Exchange (BSE) crossed Rs 400 lakh crore.
“For the first time in India’s history, the collective market capitalisation of all listed firms on the Bombay Stock Exchange soars to Rs 400 lakh crore, marking a remarkable quadruple expansion within a mere decade,” Ranaut said.
She also highlighted that this market cap has grown Rs 300 lakh crore in just a decade, crediting it to the current government under the leadership of Prime Minister Narendra Modi.
“March 2014 (Congress Govt): Rs 100 lakh crore April 2024 (Modi Govt): Rs 400 lakh crore. Rs 300 lakh crore in just one decade! Investors, both domestic and international, exhibit unwavering faith in the Indian economy under the leadership of Hon’ble PM Shri Narendra Modi ji,” she said.
The market capitalisation of BSE-listed companies crossed Rs 300 lakh crore on July 5, 2023. This means the market cap of BSE-listed companies surged by Rs 100 lakh crore in just nine months. The spectacular increase can be attributed to new listings via IPOs and a rapid rise in share prices.
Source: India Today