The indian stock market has concluded the final trading session of the financial year 2023-24 on a high note, marking a historic milestone in investors' wealth accumulation. Over the past year, investors in the indian stock market have witnessed a remarkable surge, with their collective wealth increasing by a staggering Rs 129 lakh crore.
According to data from the bombay Stock Exchange (BSE), the market capitalization of the indian stock market stood at Rs 258.19 lakh crore on march 31, 2023. However, by march 28, 2024, it had soared to Rs 386.91 lakh crore, reflecting a remarkable gain of Rs 128.72 lakh crore in just one year.
Significantly, the small-cap segment of the market has emerged as the major wealth generator for investors during this period. The market capitalization of the 1000 stocks comprising the BSE Small cap Index surged from Rs 40 lakh crore to Rs 66 lakh crore, witnessing a substantial increase of Rs 26 lakh crore in market capitalization.
Across various indices, substantial growth has been observed. The BSE Sensex, which stood at 58,991 points on march 31, 2023, surged to 73,651 points, while the Nifty climbed from 17,359 points to 22,326 points. The Nifty Midcap 100 index recorded a significant rise from 30,035 points to 48,075 points, representing a remarkable 60% increase. Similarly, the BSE Small cap index surged from 26,957 points to 43,166 points, reflecting another substantial 60% jump.
This surge in midcap and small cap stocks underscores the robust performance of the indian stock market during the financial year, offering investors lucrative opportunities for wealth creation and capital appreciation.
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