India’s market capitalisation slips below Rs 200 trillion, shows data

The country’s 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 of Rs 210.2 trillion ($2.88 trillion) on March 3. In percentage terms, India’s 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 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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