Mcap on NSE surpasses $5-trn mark
image for illustrative purpose
The market capitalization (mcap) of Indian listed companies on NSE surpassed $5 trillion (Rs416.57 trillion) on May 23. On the same day, the Nifty-50 Index touched an all-time high of 22,993.60 points.
Nifty-500 index also touched an all-time high of 21,505.25 points indicating that growth in equity market is not restricted to only the large, capitalized stocks, official sources at NSE said. The top-5 companies by mcap are Reliance Industries, TCS, HDFC Bank, ICICI Bank and Bharti Airtel.
The journey of market capitalization of Indian listed companies from to $2 trillion (July 2017) to $3 trillion (May 2021) took about 46 months, $3 trillion to $4 trillion (December 2023) took about 30 months and the latest $1 trillion addition took only about 6 months.
