M-cap tops ₹400L cr, adds 100L cr in 9 months

DESPITE last month's warning by market regulator Sebi that a "froth" is building up in Indian equities, the market capitalisation (m-cap) of BSE-listed companies crossed the 400 lakh crore mark for the first time on Monday.

- ARSHAD KHAN

This valuation milestone was accompanied by a sharp rally in benchmark indices as the BSE Sensex traded in close vicinity of the 75,000 mark, while the NSE Nifty50 surpassed the 22,600 level.

Domestic market, now equivalent to 1.33 times the size of the country's GDP, continues to defy global slowdown and add more trillions to its kitty at a record pace. It took only 9 months, the shortest interval ever, for the combined m-cap to add last 100 lakh crore as the valuation of BSE-listed companies had breached the 300-lakh-crore mark in July 2023.