BSE M-CAP RIDES RALLY IN ADANI STOCKS, TOPS $4 TRILLION
A fag-end rally during Tuesday's session lifted the sensex by 204 points; it also pushed up BSE's market capitalisation to Rs 336 lakh crore or $4.02 trillion, a new all-time peak for the Indian market. One of the major factors behind the $4-tn milestone during the day was a strong rally in the stocks of 10 companies belonging to the Adani group that added more than Rs 1.2 lakh crore or about $12 billion to its market cap in just one session. With a $4-trillion market cap, India is now the fifth most valued market in the world, data from various exchanges showed. The US tops the league table with an M-cap of around $48 trillion, with China next at close to $11 trillion. With a market value of close to $6 trillion, Japan is at the third place while Hong Kong is fourth with $4.7 trillion.