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NSDL data shows that FIIs have bought Indian stocks worth about $1 billion last month in which Nifty ended 5.6% higher. The buying by FIIs, DIIs as well as ever-bullish retail investors have led to an increase in the total market capitalisation of all BSE-listed stocks to $4 trillion and catapulted the index to all-time high levels
India is now the fifth country in the world with an equity market capitalisation of $4 trillion. While Nifty is up over 10% so far in the calendar year, India's m-cap has increased by about Rs 51 lakh crore in 2023 led by the outperformance of small and midcap stocks as well as a flood of IPOs on Dalal Street. India had joined the coveted $3 trillion club in May 2021.
Within a month of shifting the expiration day and also offering competitive options pricing, the exchange saw its market share in the F&O segment almost double. From less than 1%, BSE's derivatives market share has jumped to 14% in the last 6 months, led by new product launches.
The market valuation of BSE-listed companies crossed a record $4 trillion for the first time on November 29, on the back of positive market sentiment in Indian equities. The 30-share Sensex climbed 305.44 points to 66,479.64.
The total market capitalisation of all BSE-listed stocks at the end of the trading session on Thursday touched an all-time high figure of Rs 328.33 lakh crore, which translates to $3.94 trillion. To hit the landmark of $4 trillion, India now needs to add just about Rs 5 lakh crore to its market cap (keeping the USD rate steady at 83.3).