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In a first, NSE listed companies’ market capitalisation surpass $4 trn mark
The market capitalisation of listed companies on the NSE has surpassed the USD 4 trillion (Rs 334.72 trillion) mark for the first time ever, with the benchmark Nifty hitting its all-time high of 20,291.55 last Friday.
The benchmark Nifty climbed 134.75 points or 0.67 per cent to settle at an all-time high of 20,267.90 on Friday. During the day, the benchmark reached its intra-day record high of 20,291.55.
The Nifty-500 index also touched an all-time high of 18,141.65 on the same day, indicating that the equity market rally is not restricted to only the large-cap stocks.
"The achievement of this milestone is a testament of the vision outlined for the Amrit Kaal which includes a technology-driven and knowledge-based economy with strong public finances, and a robust financial sector," NSE said in a statement on Sunday.
The journey of market capitalisation of listed companies rising from to USD 2 trillion (in July 2017) to USD 3 trillion (in May 2021) took about 46 months, whereas the