The total value of all the stocks listed on the BSE briefly went over $5 trillion for the first time!
With this, India became the 5th country to reach this milestone.
Let's understand the top reasons for this surge.
A thread. 🧵👇
#stockmarketindia #bse #nifty
With this, India became the 5th country to reach this milestone.
Let's understand the top reasons for this surge.
A thread. 🧵👇
#stockmarketindia #bse #nifty
Only US, China, Japan, and Hong Kong have reached this historic milestone.
By the end of Tuesday's trading, the total value was $4.97 trillion, which is equal to ₹414.62 lakh crore.
What's causing this surge? 👇
By the end of Tuesday's trading, the total value was $4.97 trillion, which is equal to ₹414.62 lakh crore.
What's causing this surge? 👇
India's stock market value has grown significantly in recent years, due big new companies being listed.
For example, LIC which was listed two years ago, now has a market value of over $80 billion.
For example, LIC which was listed two years ago, now has a market value of over $80 billion.
Besides LIC, the total market value of all public sector companies has also increased a lot in the past year.
India's stock market growth has increased its global influence, attracting more foreign investments, especially through ETFs.
India's stock market growth has increased its global influence, attracting more foreign investments, especially through ETFs.
India is now the second-largest market in the MSCI Emerging Markets Index, after China.
India's share has increased to nearly 19% from just 8.2% in 2018.
India's share has increased to nearly 19% from just 8.2% in 2018.
India now has 100 companies with a market value over $10 billion, compared to only 30 before the Covid pandemic.
In comparison, China, whose stock market value is almost double that of India, has just over 130 such companies.
In comparison, China, whose stock market value is almost double that of India, has just over 130 such companies.
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