Sensex's market cap is Rs 251.88 lakh crore

Winning Bizness Desk

Mumbai- The Indian market is getting the direct benefit of the ongoing fight between Russia and Ukraine. The market cap of Bombay Stock Exchange (BSE) stood at Rs 251.88 lakh crore on Thursday. While the valuation of UK companies stood at Rs 249 lakh crore. In this context, the market cap of the Indian market is at number six. This is the first time in history that the Indian market has overtaken the UK stock market. Since the start of the fight between Ukraine and Russia in the last month, the market cap of the Indian market has fallen by about $357.05 billion, while the British market has seen a decline of $410 billion since February 1.

US stock market no 1

At present, the US stock market is at number one in the world with a market cap of $ 46.01 trillion. At number two is the Chinese market with a market cap of $ 11.31 trillion. Japan comes third in this regard. The valuation of companies listed in this market is $ 5.78 trillion. Hong Kong is at number four with a market cap of $ 5.50 trillion and Saudi Arabia is at number five with a market cap of $ 3.25 trillion.

Saudi Arabia made huge gains

Saudi Arabia is the second largest crude oil exporting country in the world. Saudi Arabia has made huge gains amid the current geopolitical tensions in crude oil prices. Due to this there has also been a huge increase in the market cap of the companies here. In the last one month, the market cap of Saudi Arabia has increased by about $ 442 billion.

stock markets showing a boom

By the way, for the last three days, the stock markets around the world are showing a boom. The BSE Sensex closed with a gain of 581 points on Tuesday, 1,223 on Wednesday and 817 points on Thursday. Similarly, recovery is visible in other markets of the world. This is because there are signs of a deal with Russia from Volodymyr Zelensky, the President of Ukraine.

BJP's victory helping market

Along with this, the market has also got relief from the softening of crude prices. The performance of the Bharatiya Janata Party in the assembly elections of five states and the softening of crude showed a tremendous rise in the market on Thursday morning. So far this week, the Nifty and the Sensex have gained nearly 4%.