The combined market capitalisation of all listed stocks on BSE on Tuesday rose up to Rs 414.75 lakh crore during the day as investors kept on piling up stocks in the broader market while Nifty and Sensex were struggling for directional cues following last week’s rally.
Dalal Street‘s journey from $4 trillion on 29 November 2023 to $5 trillion on May 21 took less than six months. The pace of such wealth creation has been never-seen-before in the history of the market.
Nifty is now about 250 points away from all-time high while mid and smallcap indices touched new peaks in Tuesday’s session. This leg of the bull run is being fuelled by domestic institutional, retail and HNI investors as FIIs have pulled out at least Rs 28,000 crore from Dalal Street in the month.