Mumbai: The market value of all the companies listed on the National Stock Exchange, the world’s third-largest bourse in terms of transaction volume, on 5 July crossed the $1 trillion mark for the first time ever.
Although the stock market closed flat with NSE Nifty ending 5.35 points down at 4,353.95 points, the debut of India’s biggest real estate firm DLF Ltd with a market value of $23.9 billion pushed the combined market capitalisation of all NSE companies to $1.02 trillion.
Earlier, the combined market value all the NSE companies had on 3 July risen to Rs 40,27,182 crore. At the end of today’s trading, it stood at Rs 41,08,075 crore, according to data available with the exchange.
The combined market capitalisation of all the companies listed on another domestic bourse Bombay Stock Exchange had crossed the trillion-dollar milestone on 28 May this year.
At the end of today’s trading, the market cap of all the BSE-listed firms stood at Rs 43,08,828 crore ($1.06 trillion). DLF had a market value of Rs 96,300 crore.
BSE is the world’s largest bourse in terms of listings with over 4,500 scrips listed there, which is more than triple of about 1,270 stocks trading on the NSE.
India is among the 10 countries whose GDP as well as stock market capitalisation is more than $1 trillion. Other countries in the elite list include the US, Japan and China. Government data released in May showed India’s GDP had crossed the $1 trillion mark, but the gain was largely driven by an appreciating rupee, which has risen 6.4% against the dollar over the past three months.