This year a tremendous rise has been seen in the Indian stock markets. BSE Sensex has risen about 12,026.03 points since the beginning of 2024 and has given a return of 16.64 percent. In such a situation, investors have made huge earnings from the market this year, which is a total of Rs 110.57 lakh crore.
This year there has been a bullish trend in the market throughout the year. Due to this, the total market capitalization of companies listed on BSE has increased by Rs 1,10,57,617.40, which directly reflects the increase in investors' earnings or asset valuation.
In the year 2024, the total market capitalization (MCAP) of companies listed on BSE will be Rs 4,74,86,463.65 crore ($5.67 lakh crore). On September 27, 2024, the mcap of companies had reached an all-time high level of Rs 477.93 lakh crore. On the same day, BSE Sensex touched its all-time high level of 85,978.25 points.
BSE Sensex was at the level of 72,271.94 points at the beginning of the year. But now it has reached the level above 85,000 marks. Investors have benefited from this boom in the form of good returns. Market analysts attribute this rise to the better liquidity situation at the domestic level and the strong foundation of the Indian economy.
Santosh Meena, Research Head, Swastika Investmart Limited, says that this year the level of liquidity in the domestic market has been strong. This is driven by record investments in the mutual fund industry. Despite selling pressure from foreign institutional investors (FIIs), Indian equity markets managed to reach record highs. Especially midcap and smallcap indices performed well and retail investors made good profits as many stocks reached highs.
So far this year, BSE Midcap Index has increased by 12,645.24 points or 34.32 percent and Smallcap Index has increased by 14,777.09 points or 34.62 percent. Prashant Tapse, Vice President (Research), Mehta Equities Limited, says that the sharp rise in recent weeks is the result of the Federal Reserve cutting interest rates. It is expected that RBI will also take similar steps in reviewing its monetary policy.
BSE's 30-share index Sensex closed above the 83,000-mark for the first time on September 17. Just three days later, it closed above the historic 84,000 mark for the first time. It also crossed the 85,000 mark on September 25.
The Sensex had jumped 11,399.52 points or 18.73 percent in the year 2023. During this period, investors' wealth had increased by Rs 81.90 lakh crore. The market valuation of listed companies reached four trillion dollars for the first time on November 29 last year.
Reliance Industries is the most valuable company in the country as of today with an mcap of Rs 19,82,265.88 crore. TCS is at second place with Rs 15,50,820.85 crore, HDFC Bank is at third place with Rs 14,48,480.85 crore, Bharti Airtel is at fourth place with Rs 9,67,295.41 crore and ICICI Bank is at fifth place with Rs 8,98,320.22 crore.
