IT WAS A day of milestones for both the BSE and the National Stock Exchange (NSE), as the post-Diwali fireworks continued for investors. The Street was in for a treat as the market capitalisation of BSE-listed firms crossed the $4-trillion (333 trillion) mark for the first time, two-and-ahalf years after hitting $3 trillion (₹219 trillion).
"India is among the few countries to have a market cap in excess of its GDP, at $4 trillion. Normally, such a high valuation should be a cause for concern. This time, however, there is a 'Triveni sangam' of growth, governance and green transformation of the economy, backed by investors looking to buy into every correction," said Nilesh Shah, MD, Kotak Mahindra AMC.
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