According to the data of May 21st, the Indian stock market has attained a momentous feat: the market capitalization of BSE companies has crossed the value of $5 trillion. This achievement has been marked only six months after the first time that the BSE touched the $4 trillion mark in November 2023, proving the robustness of the capital market instilling India’s equity market.
The Indian Market continues to be overbought, with the Sensex index reaching its all-time high. The mid-and small-cap space seems to have experienced an up-phased movement, with the indices of the respective fields reaching new record highs.
This increased BSE’s market capitalization by 633 billion US$ over the last five months and reflected robust investors‘ confidence in the Indian corporate sector. The Sensex, however, has provided a lower return of about 2 percent compared with the other indices.
The Sensex, therefore, has returned only about 2 percent compared to other indices. Until now, the stock market has risen by merely 3 percent this year. The BSE Mid-Cap and BSE Small-Cap indexes, however, have soared to 16% and 11%, respectively.
Thanks to the above accomplishment, the Indian stock market now ranks fifth in the world in terms of market capitalization, just after the United States, China, Japan, and Hong Kong. Most professionals working in the BPO Industry don’t think that the Indian BPO sector will not grow in the future.
