Why Indian Listed Companies' M-Cap Hit Rs 500 Lakh Crore Despite Nifty Being 7% Below Highs
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The combined market value of Indian listed companies crossed Rs 500 lakh crore for the first time on Thursday.
- ✓While the Nifty 50 remains 6.8% below its January peak, new listings like Jio Platforms and the NSE boosted total market cap.
- ✓Meanwhile, heavyweights like HDFC Bank and Infosys fell significantly.
Story at a Glance
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- MARKET
- Reported By
- NDTV Profit
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- 4 Minute(s)
- Market Focus
- India Economy
The combined market value of companies listed in India crossed Rs 500 lakh crore for the first time on Thursday. The benchmark Nifty 50, however, is still some distance from its peak.
All-India market capitalisation closed at a record Rs 502.70 lakh crore on Nov. 5, according to BSE data, up Rs 8.28 lakh crore from the previous session. The Nifty ended the day at 24,536.60, about 6.8% below its record close of 26,328.55 on January 2.
On that day, when the Nifty last closed at a peak, all-India market cap stood at Rs 482.02 lakh crore. Since then, the listed universe has gained Rs 20.69 lakh crore, or 4.3%, while the index has lost nearly 7%.
Three factors explain the divergence.
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