As the benchmark BSE Sensex is witnessing a dream-rally, the total market valuation of BSE-listed companies has inched closer to the Rs 100 lakh crore mark, said the media report.
At present, the total market capitalisation ( m-cap) of BSE-listed companies stands at Rs 97,13,196 crore which is just Rs 2.86 lakh short of the Rs 100 lakh crore milestone.
India had first entered the trillion-dollar club in June 2007, but moved out in September 2008 after a global meltdown.
The Sensex has gained 6,745.2 points, or 31.86 per cent, so far this year. The index had hit its all-time high of 28,010.39 on Friday.
Experts said expectations of more reforms by the Narendra Modi-led government and a rate cut by the RBI has helped markets scale new heights.
Marketmen said Indian markets are also making merry, helped by smart foreign fund inflows.
Since the beginning of this year, overseas investors have infused a net amount of Rs 82,266 crore (USD13.7 billion) into the equities, while they invested a net of Rs 1.36 lakh crore into the debt market (USD 22.5 billion) taking the total to Rs 2.18 lakh crore (USD 36 billion).