Stock market boom: BSE market cap increased by Rs 100 lakh crore in nine months, crossed Rs 400 lakh crore

Stock Market Boom: With the stock market reaching a record high today, the BSE market cap has crossed Rs 400 lakh crore. As the volume of companies listed on BSE increased, the total market capitalization reached Rs. It has increased from Rs 401.09 to Rs 401.09.

BSE's market cap has increased by Rs 10 lakh crore in nine months due to record-breaking gains in bluechip, midcap and smallcap indices. Earlier in July, 2023 the market cap was Rs. The target of Rs 300 lakh crore was achieved. Later today on April 8, 2024 the market cap will be Rs. Crossed Rs 400 lakh crore.

bse market cap milestones

Investors' capital increased by 57 percent

As of April 23, the market cap of companies listed on BSE was Rs. There has been an increase of Rs 145 lakh crore. Which shows an increase of 57 percent in investors' capital. Indian stock market has witnessed attractive returns on the back of strong corporate results, positive investment sentiment, stable policies, increase in domestic and foreign investment. Midcap and smallcap indices have also increased by 60 percent and 63 percent respectively in one year. Whereas the large cap index has increased by 28.6 percent. A rise has also been seen in auto, realty, energy, pharma, telecom, infra, auto PSU shares.

Global factors also positive

Last week the American stock market closed in the green zone. The reason behind this is strong employment figures, improvement in economic conditions and the possibility of interest rates remaining stable, along with a strong possibility of further cuts in the near future. The unemployment rate in America has fallen to 3.8 percent. Salary has also increased. Which shows that the overall sentiment is positive.

According to Motilal Oswal Securities, India's GDP is expected to cross the $4 trillion mark by FY 2025/26 with the expected results of Lok Sabha elections 2024, which will boost Indian stock markets. The upside potential is high in the medium term with a focus on sectors including the financial sector, private investment, consumption, real estate and infrastructure development.