The market cap shot up to $2.5 trillion on December 16, 2020. On Monday, the valuation touched $3 trillion, and the time taken for adding the last $500 billion was 159 days — the fastest till now. The only other countries that have a stock market capitalization of more than $3 trillion are the US, China, Hong Kong, Japan, UK, France, and Canada.
After recovering from the first wave of the pandemic the Indian economy seemed to have been turning the corner with massive FDI’s coming in from blue-chip companies. The India billboard was glittering with neon lights. Prior to that the country had brought home a lacklustre economic report card in 2020, its worst in four decades, which hit the equity market hard.