Total Market Cap of BSE listed Companies hit $5 trillion

The dream bull run of Indian Stock Market is continuing and the total market cap of the BSE listed Companies hit $5 trillion for the first time. Similarly as of today Nifty 50 also hit its record high of very close to 23K and today itself going up by Iverson 1.5%.

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People are actually overwhelmed by this bull run and thus every one is making money now. It's a good thing but again we have to be little cautious. For example, I tried to keep 20% of my portfolio in debt and 80% in equity. But since the last 12 months is quite good for the equity market, my equity portolfio has gone up by 5% and now it's 85% equity and 15% debt.

So today I have redeemed some amount which is close to 3.5% of my portfolio and will move it to the debt next week to keep my portfolio balanced. This is also means I am booking the profit so that if the market goes down after the elections then I can reinvest the booked profit and get good returns.

Now coming back to the total market cap, just in last November the total market cap had hit $4 trillion and now just in last 6 months time we have hit the $5 trillion. And thus it is because of the bull run we are witnessing from the last 6 months. So the market can go up from here or can go down no one knows but again we have to be little cautious.

And that's why I have booked the profit so that even if the market goes down from now on I can invest more. Or if it goes up then I have 80% portfolio in equity to ride the bull run. So I would advise people to book some profit if they want and reinvest if the market goes down.

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