Mumbai: After the decline due to global instability, the Indian stock markets have again returned to a bullish trend. Due to this, the market cap of all the companies listed on the BSE has once again crossed five trillion dollars.
According to Bloomberg data, the last time the market cap of all the companies listed on the BSE was five trillion dollars on January 20. After this, a period of decline started, due to which the market cap decreased to 4.39 trillion dollars on February 28 and now due to the boom in the market, the market cap again became five trillion dollars on April 21.
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At present, apart from India, the market cap of America, China, Japan and Hong Kong is more than five trillion dollars. After the announcement of reciprocal tariffs by US President Donald Trump, the Indian stock market along with the global market had fallen sharply, due to which the market cap of all the companies listed on BSE came down to $ 4.5 trillion on April 7, but after the market returned to boom, now the market cap has seen a recovery of $ 500 billion.
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The Indian stock market closed with gains on Monday as well. At the end of trading, the Sensex was up 855 points or 1.09 percent at 79,408.50 points and the Nifty was up 273 points or 1.15 percent at 24,125 points. The market rally was led by banking stocks. Nifty Bank was up 1,014 points or 1.87 percent at 55,304 points. The banking index made a new all-time high of 55,461.65 points during the trading session. A total of 93 stocks hit their fresh 52-week highs on Monday, including companies such as AIA Engineering, Bajaj Finserv, Bajaj Finance, Bharti Airtel, HDFC Bank, ICICI Bank, IndiGo and Kotak Mahindra Bank.
