Stock market acheived mileston ahead of election results
Stock market acheived mileston fortnight ahead of election results Posted by NILESH WAGHELA Mumbai: India stock market hits $5 trillion milestone fortnight ahead of Lok Sabha election results. D-Street joined the exclusive $5 trillion club for the first time ever, braving FII pullout. Investors were found to pile up on stocks in the broader market. In less than 6 months, the jump from Rs 4 trillion to Rs 5 trillion was achieved — a pace never before seen. On the global map, India is the fifth largest stock market behind only Hong Kong, Japan, China and the mother market of the US. By creating an unprecedented wealth of $1 trillion in just 6 months, the Indian stock market on Tuesday joined the exclusive $5 trillion club for the first time ever and defied the FII pullout before the outcome of the Lok Sabha election on June 4. The combined market capitalisation of all listed stocks on BSE on Tuesday rose up to Rs 414.75 lakh crore ($5 trillion) during the day as investors kept...