Stock market hits $5 trillion for the first time ever; benchmark indices end flat on Tuesday

In a big milestone achivement, the market capitalisation of BSE listed companies has crossed a record $5 trillion for the first time ever. As per data on the BSE website, total market cap of all BSE-listed companies reached $5 trillion or over Rs 414.46 trillion. This is a $633 billion rise since the start of the year.

Meanwhile, Indian benchmark indices ended flat on Tuesday. Sensex lost 108 points or 0.15% to end at 73,897. Nifty ended at 22,529.05, up 27 points or 0.12%

$5 trillion mark

BSE's total market capitalisation hit $4 trillion mark in November 2023 and has soared past $5 trillion in just six months. The BSE listed stocks hit the trillion mark for the first time in May 2007, doubling n over a decade to $2 trillion in July 2017, and then reaching the $3 trillion mark in May 2021.

At present, only four stock markets around the world have market capitalisation over $5 trillion in 2023. The US leads with a market cap of almost $55.65 trillion, followed by China ($9.4 trillion), Japan ($6.42 trillion), and Hong Kong ($5.47 trillion).

Gainers and Losers

Major gainers on Tuesday include Hindalco, Coal India, Tata Steel, JSW Steel, and Adani Ports, while losers include Nestle India, Hero Motocorp, Maruti, IndusInd, and ICICI Bank. Further, markets struggled to find a direction as India moves closer to the election results day, when investors will proper insight about the country's political stability for coming years.

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