Indian stock market is making history continuously at this time. Today the Sensex has also become 59 Hazari and market experts have a say that it will become 60 Hazari soon. After today’s boom, the Indian stock market has become the sixth largest market in the world, leaving France behind. In terms of market cap, this figure has crossed $3.40 trillion.
According to the Bloomberg report, the US stock market is at number one on the basis of market cap. Wall Street’s total market cap is $51 trillion. At number two is the Chinese stock market, which has a market cap of $12 trillion. Japan is at number three with $ 7 trillion, Hong Kong has reached number four with $ 6 trillion and India has reached number five with $3.41 trillion. France has now slipped to number six with $3.40 trillion.
Indian stock market’s valuation increased the most
According to the report, this year the market cap of the Indian stock market has seen the highest jump of $ 874 billion. It was $ 2.52 trillion on 31 December 2020, which has jumped 35 percent to cross $3.41 trillion. In comparison to the stock market crash in March 2020, the Indian stock market cap has jumped by $2.08 trillion. It has registered an increase of about 160 percent. In 2020, it had increased by 17.40 percent i.e. $373 billion.
4.46 lakh crore jump in the wealth of investors
Here the wealth of investors has increased by Rs 4.46 lakh crore in the stock markets since the last three days. The BSE Sensex closed above 59,000 for the first time on Thursday due to reform measures for various sectors. On Thursday, the 30-share Sensex closed at 59,141.16, up 417.96 points, or 0.71 per cent. During trading, it jumped 481.09 points to a height of 59,204.29 points. The Sensex has gained 963.4 points in the last three days.
The boom will continue for the next two-three years
With a record high, the market capitalization of BSE listed companies jumped by Rs 4,46,043.65 crore to a record Rs 2,60,78,355.12 crore in the last three days. Santosh Meena, Head of Research, Swastik Investmart Limited said, “We are passing through a phase where Nifty and Sensex are going to continue to rise and new heights will be achieved. I believe this uptrend is going to continue for the next two to three years. However, during this period a fall or a correction in the market cannot be ruled out.
There will be a boom in September, correction will be seen in October
He said, “If we talk about the near future, then the bullish phase is expected to continue during the month of September and the Sensex can cross the 60,000 mark. However after that I believe that it may take some break in October and the market may come down from the heights. In this sense, October can be a month of bullish correction. ”
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