BSE crosses trillion-dollar mark
Facebook Twitter google+ RSS Feed

BSE crosses trillion-dollar mark

Tuesday, 29 May 2007, 07:00 Hrs
Printer Print Email Email
Mumbai: Riding on a bull wave in Indian equities, the Bombay Stock Exchange (BSE), one of Asia's oldest bourses, Monday created history as its market capitalisation crossed the $1,000 billion mark.

The total value of all the stocks listed on the BSE rose to 40,521.21 billion or more than $1,000 billion on Monday's closing prices, based on an exchange rate of 40.51 rupees for one dollar - a new high in the forex rate achieved Monday.

"This represents a sharp gain of 60 percent in the combined market cap of all the BSE-listed firms from $625 billion a year ago," the exchange said in a statement.

"However, the gain is relatively lower in the rupee terms and the market cap has gained just over 42 percent in the corresponding previous about 28,400 billion a year ago."

In the current fiscal, the market cap has gained 23 percent in dollar terms from $812 billion at the end of the last fiscal year.
Source: IANS
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset