Mumbai, 21 April (IANS). The Indian stock markets have returned again after the decline due to global instability. Due to this, the market cap of all companies listed on BSE has once again exceeded five trillion dollars.
According to Bloomberg’s data, the last time the market cap of all the companies listed on BSE was five trillion dollars on January 20. After this, a period of decline began, causing the market cap to decrease to $ 4.39 on February 28 and now the market cap again has again increased to five trillion on 21 April due to the market.
Currently, apart from India, the market cap of America, China, Japan and Hong Kong is more than five trillion dollars.
After the announcement of the reciperook Tariff by US President Donald Trump, there was also a major decline in the Indian stock market with the global market, which reduced the market cap of all the companies listed on BSE to 4.5 trillion on April 7, but after returning the market, now the market cap has seen a $ 500 billion recovery.
The Indian stock market also closed up on Monday. At the end of trading, the Sensex gained 855 points or 1.09 percent to 79,408.50 points and the Nifty rose by 273 points or 1.15 percent to 24,125 points.
The market boom was led by banking stocks. The Nifty Bank was up 1,014 points or 1.87 percent to 55,304 points. During the trading session, the banking index created a new all-time high of 55,461.65 points.
On Monday, a total of 93 shares touched the highest level of their 52-week, including companies such as AIA Engineering, Bajaj Finner, Bajaj Finance, Bharti Airtel, HDFC Bank, ICICI Bank, Indigo and Kotak Mahindra Bank.
-IANS
ABS/Ekde