Rs 100 lakh crore stock frenzy crushes record, propels India towards Rs 4 trillion
stock rally remains unstoppable with Mr Retail behaving like the biggest bull of Dalal Street, investors have been left richer by nearly Rs 100 lakh crore in 8 months. The market capitalisation of all BSE-listed stocks, as a result, is now within kissing distance of touching the milestone of Rs 400 lakh crore for the first time.
After hitting the Rs 300 lakh crore mark on 5 July 2023, India's m-cap ended Monday's session at Rs 394 lakh crore and is now just one lucky trading day away from hitting the magical figure. The fast-paced rally is driven by a handsome 15% surge in Nifty and hundreds of small and midcap stocks giving multibagger returns.
The nearly Rs 100 lakh crore gain in the last 8 months also includes the impact of any new listings like IPO, FPO or any other form of equity fundraising but most of the gains have been led by the sheer rise in share prices. On the other hand, delistings reduce the market cap.
India's market cap crossed the Rs 50 lakh crore mark in 2007, Rs 100 lakh crore milestone in 2014, and the Rs 200 lakh crore-mark in February 2021.
In terms of wealth creation, the ongoing bull run is unprecedented in India's history.
In USD terms, India's m-cap is inching closer towards the $5 trillion mark and was last at $4.8 trillion level.
Also read | How India's market capitalisation skyrocketed 30 times in 20 years
What's next for India stock market?
In the near term, there may be little juice left as bear calls warning of overvaluations have been rising with each passing day. But if you
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