<p>This milestone came as broader markets continued to outperform the benchmark indices, which closed flat for a second consecutive day. As of Tuesday, total market cap of all BSE-listed companies reached ₹461 trillion ($5.5 trillion), according to Bloomberg data. India's mcap hit $1 trillion in May 2007, $2 trillion in 2017, $3 trillion in 2021, $4 trillion in 2023, and $5 trillion in May 2024. This rapid growth is attributed to strong postCovid growth, macroeconomic stability, and renewed foreign investment. But experts are cautious due to high valuations. "A correction in mid and smallcaps is only a matter of time," said Chokkalingam G, founder of Equinomics. India, which surpassed Hong Kong as the fourth-largest stock market earlier this year, has widened its lead over the region.</p>

Broader mkt rally takes India's mcap past $5.5trn

380.46,1628.50,238.18,217.49,2020.00,3101.00

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