BSE all listed firms’ mcap now fourth-highest globally, surpasses Hong Kong again

The total market cap of all BSE-listed companies is now more than that of Hong Kong again making it the fourth-highest equity market globally.

At present, BSE all listed mcap stood at $5.18 trillion against $5.17 trillion for Hong Kong, as per data from Bloomberg. The United States is the world’s biggest market with a mcap of $56.49 trillion, China is second with a mcap of $8.84 trillion and Japan is third with $6.30 trillion.

Indian markets had surpassed Hong King this year on January 23 but later regained its fourth position as Hong Kong’s Hang Seng Index surged over 12%, entering a bull market with a nearly 20% rise since January.

Indian stock market has seen significant volatility after the election results. On June 4, the market fell by more than 6% but it has been rebounding since then to hit a record high.

The total market cap of all listed companies on the BSE increased by over ₹32 lakh crore reaching a new high of ₹432 lakh crore.