The market capitalization of companies listed on the National Stock Exchange (NSE) exceeded $5 trillion ( ₹416.57 lakh crore) on Thursday, coinciding with the Nifty 50 index reaching a record high of 22,993.60. Meanwhile, in morning deals today (Friday, May 24), Nifty crossed the 23,000 milestone, hitting a new high of 23004.05.
According to a press release by the NSE, it took NSE-listed companies just 6 months to jump from $4 trillion to $5 trillion. They hit the $4 trillion- mark in December 2023.
NSE further informed that the market cap grew from $2 trillion in July 2017 to $3 trillion by May 2021, a span of 46 months. The subsequent increase to $4 trillion took 30 months, achieved by December 2023, and the latest leap to $5 trillion occurred in just 6 months.
Shri Sriram Krishnan, Chief Business Development Officer, NSE said, “Increase in the latest $1 trillion in market capitalization in a very short time of around 6 months only reposes the faith of investors in the Indian economy in the years to come."
The leading companies by market capitalization are Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank, and Bharti Airtel.
The Nifty 500 index also touched an all-time high of 21,505.25 on Thursday indicating that this growth trend in the equity market is not restricted to only the top-tier companies but is reflected across a broad spectrum of stocks, according to the exchange.
Additionally, the NSE highlighted the impressive performance of the Nifty 50 index over the past decade, delivering a 13.4 percent Compound Annual Growth Rate (CAGR). In the same period, domestic mutual fund assets under management (both Equity and Debt) surged by 506 percent, growing from ₹9.45 lakh crore at the end of April 2014 to ₹57.26 lakh crore by the end of April 2024.
Foreign Portfolio Investors (FPIs) also saw significant growth, with their assets under management (Equity and Debt) increasing by 345 percent, from ₹16.1 lakh crore at the end of April 2014 to ₹71.6 lakh crore by the end of April 2024.
The NSE emphasised that the growth in market capitalization extends beyond the top companies, spreading across a wide range of stocks. The Nifty100 index constituents now represent 61 percent of the total market capitalization, down from 74.9 percent in April 2014. This shift indicates broader market participation.
Corporate resource mobilisation, including from Small and Medium Enterprises (SMEs) in the primary market, has been encouraging, offering a viable alternative to traditional fundraising methods.
Liquidity in the secondary market has significantly improved in the Capital Market Segment. The daily average turnover in the equity segment has increased more than 4.5 times, from ₹17,818 crores in FY15 to ₹81,721 crores in FY24.
These milestones reflect the vision for the Amrit Kaal, aiming for a technology-driven, knowledge-based economy with strong public finances and a robust financial sector.
In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are publicly listed. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, subject to conditions.
https://en.wikipedia.org › wiki › Listing_(finance)
companies reached $5 trillion market cap in just 6 months, with Nifty hitting new highs. Nifty 500 index also reached an all-time high, indicating broad-based growth. Market participation has expanded, with corporate resource mobilization and improved liquidity in the secondary market.
The market capitalisation of listed companies on the NSE surpassed USD 5 trillion (Rs 416.57 trillion) on Thursday on a day when the Nifty 50 index touched an all-time high of 22,993.60.
India is the fifth country after the US, China, Japan, and Hong Kong whose market capitalisations have crossed the $5-trillion mark. Mumbai: The total market capitalisation of BSE-listed stocks closed above $5 trillion on Thursday as the benchmark indices ended at record levels led by banks and auto stocks.
The market capitalization of listed companies on the NSE has surpassed the USD 4 trillion (Rs 334.72 trillion) mark for the first time ever, with the benchmark Nifty hitting its all-time high of 20,291.55 last Friday.
How many trillion-dollar companies are there? As of August 2024, there are eight trillion-dollar companies, Apple, Nvidia, Amazon, Microsoft, Saudi Aramco, Microsoft, Alphabet, and Berkshire Hathaway.
It certainly helps that Apple has a head start over the other contenders. The company's market cap already tops $3.3 trillion. If Apple's share price increases by a compound annual growth rate of 9% over the next five years, it will blow past the $5 trillion level.
Company size is often measured by market capitalization, the total value of all the company's shares in the market. Microsoft, Nvidia, and Apple are the top three global companies by that measure, each with market caps of over $3 trillion.
How Many Companies are Listed on NSE? There are 2,266 companies listed on the NSE. However, out of these, 76 listed companies on the NSE are not available for trading as of December 31, 2023. The market capitalisation of these listed companies on the National Stock Exchange is ₹3,581,291,532.
Here you get a comprehensive list of the top 100 large-cap stocks. These are the biggest companies listed on the NSE/BSE, ranked by market capitalization. The details provided include stock price, market cap, and other relevant metrics, helping you make informed investment decisions.
A report from the business intelligence agency Informa Connect says, at his present rate of wealth accumulation, tech billionaire Elon Musk is on track to be the world's first trillionaire, three years from now.
Established in 1875 by cotton merchant Premchand Roychand, it is the oldest stock exchange in Asia, and also the tenth oldest in the world. The BSE is the world's 7th largest stock exchange with a market capitalization exceeding US$5 trillion on May 21, 2024.
Size Indicator: The total market cap is $109 trillion in our global market scenario. We're adding up the market cap of all publicly traded companies across different countries. This colossal figure reflects the cumulative value of these companies as perceived by investors.
Address: Suite 769 2454 Marsha Coves, Debbieton, MS 95002
Phone: +813077629322
Job: Real-Estate Executive
Hobby: Archery, Metal detecting, Kitesurfing, Genealogy, Kitesurfing, Calligraphy, Roller skating
Introduction: My name is Gov. Deandrea McKenzie, I am a spotless, clean, glamorous, sparkling, adventurous, nice, brainy person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
