Microsoft Joins Apple In $3 Trillion Club

Microsoft's stock market value crossed the $3 trillion (roughly Rs. 2,49,35,925 crore) milestone for the first time on Wednesday, retaining its place as the world's second most valuable company, just behind Apple.

Microsoft and Apple shares have been vying for the top spot as the most capitalized stock on Wall Street since the start of the year, with the iPhone maker briefly losing its crown to the software giant earlier in January.

Shares of Microsoft hit a record high of $405.63, up 1.7 percent, enabling it to breach the $3 trillion market capitalization level. But it later closed at $402.56, valuing Microsoft at $2.99 trillion, just below the threshold price of $403.65 that would have kept it above $3 trillion.