As soon as the election results came, the market cap of the stock market increased rapidly and crossed the figure of Rs 5 lakh crore.

Stock Market News: After the completion of the fifth phase of Lok Sabha elections, now two phases of voting are left and before the results are declared on June 4, there is strong hope of forming a stable and strong government at the Centre, about which investors are excited today. 'Assets in Indian stock markets, i.e. total market capitalisation, increased by five trillion dollars intra-day. The market cap reached Rs 414.75 lakh crore i.e. five lakh crore dollars in intra-day. With this, India has now become the fifth country in the world to join the club with a market capitalization of more than five trillion dollars.

Sentiment remains bullish on local institutional investors as foreign portfolio investors turned into buyers after slow selling and buying by local funds in the last two days of last week. Of course, today Sensex fell 52.63 points to close at 73953.31 due to selling in banking, IT, auto frontline stocks, while Nifty 50 spot index closed 27.05 points higher at 22529.05 due to rise in metal-mining stocks and oil marketing companies. ,

Earlier last week, Union Home Minister and Cooperation Minister Amit Shah had said that the recent fluctuations in the stock market should not be linked to the 2024 Lok Sabha elections and after the victory of Prime Minister Narendra Modi on June 4, the stock markets will see a stormy boom. He told investors that if they want to buy, then do so first. After this, Prime Minister Narendra Modi also gave a positive statement in an interview to a TV channel and said that after June 4, the Indian stock markets NSE and BSE will see new records.

With this positive statement and survey projections so far of the election predicting that a historically strong and stable government is going to be formed at the Centre, today the combined market capitalization of listed companies on BSE-Investors' assets stood at Rs 414.75. Crossed. Lakh crore i.e. five lakh crore dollars increased by Rs 2.27 lakh crore in intra-day to Rs 414.62 lakh crore i.e. 4.98 lakh crore dollars.

It is noteworthy that the market capitalization of Indian stock markets, which was four trillion dollars on 29 November 2023, crossed five trillion dollars on 21 May 2024 in less than six months.

Only four countries in the world have a market cap of more than five trillion dollars

Currently, there are only four countries in the world whose market capitalization exceeds five hundred million dollars. These include America, China, Japan and Hong Kong. The US has a market capitalization of $55.65 trillion, followed by China at $9.4 trillion, Japan at $6.42 trillion and Hong Kong at $5.47 trillion.

Who has how much property in the market?

(Based on shareholding at the end of March 2024)