New Delhi: The market capitalization of companies listed on the NSE crossed US$5 trillion (Rs 416.57 trillion) on Thursday, a day when the Nifty 50 index hit an all-time high of 22,993.60.
The Nifty 500 index also touched an all-time high of 21,505.25 on Thursday, indicating that the rise in the equity market is not limited to just large-capitalised stocks, an NSE statement said.
The journey of market capitalization of listed companies from US$2 trillion (July 2017) to US$3 trillion (May 2021) took about 46 months, to reach US$3 trillion to US$4 trillion (December 2023) took about 30 months. It took months and the latest trillion US dollar increase. It took only 6 months, the exchange said.
The top five companies by market capitalization on the exchange are Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank and Bharti Airtel.That said, the growth in market capitalization is not limited to just the top companies, but I have seen it across all stocks.
The statement said resource mobilization by corporates, including small and medium enterprises, in the primary market has been encouraging and has provided an effective alternative mechanism apart from the traditional methods.
There has also been a significant improvement in secondary market liquidity in the per capita market segment. The average daily turnover of the equity segment has grown 4.5 times from Rs 17,818 crore in FY20 to Rs 81,721 crore in FY24.
The achievement of this milestone is a testament to the vision outlined for the AMRUT period which includes a technology-driven and knowledge-based economy with strong public finances and a strong financial sector."I would like to thank the Government of India, the Securities Exchange Board of India and the Reserve Bank of India for supporting the capital markets ecosystem with a progressive regulatory framework," said Sriram Krishnan, Chief Business Development Officer, NSE.
“The latest increase of US$ 1 trillion in market capitalization in a very short period of almost 6 months reiterates the confidence of investors in India's economy in the coming years.
He said, "NSE as a market infrastructure institution will continue to flourish and provide the best market infrastructure and a robust platform for investors, as well as mobilize resources for issuers, thereby supporting the important aspect of capital formation in the country." Will go.” Said.
The Nifty 500 index also touched an all-time high of 21,505.25 on Thursday, indicating that the rise in the equity market is not limited to just large-capitalised stocks, an NSE statement said.
The journey of market capitalization of listed companies from US$2 trillion (July 2017) to US$3 trillion (May 2021) took about 46 months, to reach US$3 trillion to US$4 trillion (December 2023) took about 30 months. It took months and the latest trillion US dollar increase. It took only 6 months, the exchange said.
The top five companies by market capitalization on the exchange are Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank and Bharti Airtel.That said, the growth in market capitalization is not limited to just the top companies, but I have seen it across all stocks.
The statement said resource mobilization by corporates, including small and medium enterprises, in the primary market has been encouraging and has provided an effective alternative mechanism apart from the traditional methods.
There has also been a significant improvement in secondary market liquidity in the per capita market segment. The average daily turnover of the equity segment has grown 4.5 times from Rs 17,818 crore in FY20 to Rs 81,721 crore in FY24.
The achievement of this milestone is a testament to the vision outlined for the AMRUT period which includes a technology-driven and knowledge-based economy with strong public finances and a strong financial sector."I would like to thank the Government of India, the Securities Exchange Board of India and the Reserve Bank of India for supporting the capital markets ecosystem with a progressive regulatory framework," said Sriram Krishnan, Chief Business Development Officer, NSE.
“The latest increase of US$ 1 trillion in market capitalization in a very short period of almost 6 months reiterates the confidence of investors in India's economy in the coming years.
He said, "NSE as a market infrastructure institution will continue to flourish and provide the best market infrastructure and a robust platform for investors, as well as mobilize resources for issuers, thereby supporting the important aspect of capital formation in the country." Will go.” Said.
