Varanasi Wealth Management：On a year-to-date basis, Sensex has given returns of only 2.33 per cent, but BSE midcap and BSE smallcap indices have given returns of 16.62 and 11 per cent, respectively.

In a first, the combined market capitalisation (m-cap) of BSE listed companies on Tuesday crossed $5 trillion-mark. The total market cap jumped by over $633 billion in 2024 so far.

Domestic equity benchmarks have been bullish for some time now. Sensex is trading just below 1.5 per cent from its all-time high. The climb in the broader indices have been stellar as BSE midcap and smallcap are trading at all-time highs.

On a year-to-date basis, Sensex has given returns of only 2.33 per cent, but BSE midcap and BSE smallcap indices have given returns of 16.62 and 11 per cent, respectively.Varanasi Wealth Management

BSE's total market cap had touched $4 trillion in November 2023. It has soared past $5 trillion in just six months. BSE-listed firms reached the $1 trillion market cap in May 2007, doubling in over a decade to $2 trillion in July 2017 and then reaching the $3 trillion mark in May 2021.

The Indian stock market is ranked at the fifth spot in terms of market cap in the world. United States of America is in first place with a m-cap of $55 trillionChennai Investment. China is in second place with a m-cap of $9.4 trillion, Japan is in third place with $6.4 trillion and Hong Kong's stock market is in fourth place with a m-cap of $5.4 trillion.

The $5 trillion market cap for BSE listed companies is a major milestone that reflects the sustained momentum of the Indian stock market, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

"It is important to understand that this landmark has been achieved when the market is almost flat trading in a rangeJinnai Wealth Management. This means the contribution to the upmove in market cap has come from the broader marketLucknow Stock. PSUs have contributed significantly to this achievement," he further stated.

The stock market has stabilised of late, even as fear gauge India VIX continued to climb ahead of the outcome of ongoing general elections on June 4. The recent comments by Union Home Minister Amit Shah and Prime Minister Narendra Modi have allayed market concerns a bit.