Bombay Stock Exchange's increasing market capitalisation has crossed Rs 100 lakh crore mark for the first time after it broke below it on January 1, a report in ‘The Econmic Times’ has said.
It, however, slipped below the mark later in the day on Friday as the benchmark indices trimmed the gains and looked on course to end the day lower.
Five-month journey has seen the market singed by the China fire, hit by Fed moves even during the glory of a good Union Budget , hope of earnings boost and dovish RBI bets.
But if you are still finding it hard to measure how much is Rs 100 lakh crore, here is a evaluation.
It's equivalent to GDP of the bottom 110 countries in International Monitory Fund list of 188 countries ranked by their nominal GDP.
But, this is just start, say experts.
"The market continues to be in a bullish zone and last week was a happy surprise for all participants, the way the market has caught the momentum," said Kapil Bali, ED & CEO, Yes Securities, was quoted as saying by the paper.
Dharmesh Kant, who is VP-Head, Retail Research at Motilal Oswal Securities, said that investors can stay long on their present positions as well start fresh buying.