The country’s market capitalisation fell below Rs 200 trillion on Thursday, a level first achieved on February 4. The combined market value of all BSE-listed companies stands at Rs 198.75 ($2.73 trillion). The latest bout of correction, triggered by rising US bond yields and a surge in Covid cases, has shaved off Rs 11.5 trillion in market value.
The country reached its highest-ever m-cap of Rs 210.2 trillion ($2.88 trillion) on March 3. In percentage terms, India’s m-cap is down 5.5 per cent from the peak — less than the 7.7 per cent fall in the benchmark Sensex from its peak. On a one-year basis, the m-cap has risen 92 per cent. At the nadir of the Covid-induced sell-off in March last year, the country’s m-cap had dropped to Rs 103.7 trillion.
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