The National Stock Exchange (NSE) of India has scaled unprecedented heights, with the market capitalization of listed companies eclipsing the USD 5 trillion mark on May 23, 2024. Accompanying this historic achievement was the Nifty 50 Index’s remarkable ascent to an all-time peak of 22,993.60, illuminating the Indian stock market’s meteoric rise.
The journey to this zenith has been characterized by resilience and vigor. From USD 2 trillion in July 2017 to USD 3 trillion by May 2021, and further to USD 4 trillion by December 2023, the trajectory reflects India’s unwavering commitment to economic growth.At the forefront of this surge are industry titans such as Reliance Industries Limited, TATA Consultancy Services Limited, HDFC Bank Limited, ICICI Bank Limited, and Bharti Airtel Limited, epitomizing the spirit of India’s corporate landscape.
Beyond the giants, the diversification of market capitalization is evident, with the Nifty 100 constituents now representing 61% of total market capitalization, compared to 74.9% in April 2014, highlighting a broader spectrum of growth opportunities.As Shri Sriram Krishnan, Chief Business Development Officer of NSE, expressed gratitude to regulatory bodies and stakeholders for their support, this milestone not only symbolizes India’s economic prowess but also heralds a new era of prosperity and innovation in the nation’s financial landscape.
