This new record made by the Indian stock market, RIL on top
This new record made by the Indian stock market, RIL on top

The Bombay Stock Exchange (BSE) has created a new record. The market capitalization of shares of listed companies has crossed Rs 150 lakh crore. Let us tell you that since the arrival of the Modi government, the domestic share market has remained unchanged so far, due to which the market capitalization of these companies Increased. 

For the first time after November 2014, the market capitalization of the companies listed on BSE had crossed Rs 100 lakh crore, to reach the level of 100 lakh crore to 150 lakh crore, the Bombay Stock Exchange was more than 3 years old. It took time. The Modi government in the country came in May 2014 and since then there has been a standstill trend in the stock market due to which the market capitalization of these companies has increased.   

Despite concerns that India’s economy is still on shaky grounds, the stock markets over the last few weeks have been reaching new highs almost daily. For instance, BSE Sensex hit a lifetime high of 32,224.14 on Monday morning in early trade, fuelled by heavy activity by both big and small investors. The Sensex is an index of 30 well established and financially strong companies that are listed on the BSE. The Sensex acts as a bellwether for activity on the stock markets across the country.   

Choksey said a larger number of people and institutions are investing in Indian markets now, as compared to the last two-three years. This, he said, is the main reason for the continued stock market rallies, which also attract the interest of global investors. 

“While a lot of money is flowing from large institutions or high net-worth individuals, retail investors [individual investors] are also participating more, especially after demonetization, as it brought them closer to financial assets,” he said.

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