Stock Market: The results of the assembly elections held in Madhya Pradesh, Rajasthan, Chhattisgarh and Telangana have come. The picture has become completely clear. Due to this massive victory of BJP in three states, the Indian stock market has also seen a boost today. The stock market has reacted positively to these results. But meanwhile, a very good news has come that the market cap of companies listed on the National Stock Exchange (NSE) has crossed 4 trillion dollars for the first time.
As soon as the stock market opened on Monday i.e. 4th December, it showed the effect of BJP’s victory. Nifty touched the level of 20,601, which is the highest level of Nifty till date. Apart from this, Sensex touched its highest level of 68,450. That means the stock market has taken BJP’s victory positively.
NSE market cap at record level
Apart from this, the market cap of companies listed on the National Stock Exchange (NSE) reached Rs 334.72 lakh crore for the first time. Records after records are being made in the Indian stock market these days. A tremendous rally is being seen in the market and this bull run is so great that both the major stock markets are continuously making new records.
The domestic market has been strengthening for five consecutive weeks. During the last five weeks, the Sensex has strengthened by about 3700 points i.e. about 6 percent. During the last week, growth was recorded in all 13 major sectors on NSC. Record rise was also recorded in midcap, its index has become stronger for 15 consecutive sessions.
Midcap stocks also rose
Even in the month of November, midcap has increased by 10.4 percent. In this way, the small cap index has strengthened by 12 percent in the month of November. Just a few days before this, the market cap of companies listed on BSC has also crossed four trillion dollars. BSC had achieved this record on November 29. For BSC and NSC, this is the first time in history when the total market cap of their listed companies has crossed 4-4 trillion dollars.
At present the size of India’s GDP is between 3.5 to 4 trillion dollars. And it is estimated that India will become the third largest economy in the world by 2027, leaving behind Germany and Japan. And by 2050 the size of GDP can reach 45 trillion dollars.