India's Stock Market Hits $5 Trillion Mark Ahead of Lok Sabha Poll Results

The combined market capitalisation of all listed stocks on the Bombay Stock Exchange (BSE) surged to Rs 414.75 lakh crore during the day. Investors continued to buy stocks across the broader market, even as Nifty and Sensex struggled for clear direction following last week's rally.
India's Stock Market Hits Historic $5 Trillion Mark

India's Stock Market Hits Historic 5 Trillion Mark (Image Source: iStockphoto)

The Indian stock market has reached the USD 5 trillion mark for the first time, achieving this milestone on Tuesday. This significant development comes despite foreign institutional investors pulling out funds ahead of the Lok Sabha election results on June 4.
The combined market capitalisation of all listed stocks on the Bombay Stock Exchange (BSE) surged to Rs 414.75 lakh crore during the day. Investors continued to buy stocks across the broader market, even as Nifty and Sensex struggled for clear direction following last week's rally.
According to The Economic Times report, Dalal Street's rapid ascent from $4 trillion on November 29, 2023, to $5 trillion by May 21, 2024, took less than six months, marking an unprecedented pace of wealth creation in the market's history. The Nifty index is now approximately 250 points away from its all-time high, while mid and small-cap indices reached new peaks during Tuesday's session.
The report added that this phase of the bull run is being driven primarily by domestic institutional investors, retail investors, and high net-worth individuals (HNIs). In contrast, foreign institutional investors have pulled out at least Rs 28,000 crore from Dalal Street this month.
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