The Indian market has once again topped the $2-trillion market capitalisation (m-cap) threshold as shares in the broader market joined the party. The country’s m-cap slipped below the psychological level in March ahead of the sharp sell-off triggered by the pandemic.
During the depth of the correction, the combined m-cap of all listed stocks had slipped to multi-year lows of $1.3 trillion on March 23. Since then, India has added nearly $700 billion in market value thanks to the liquidity-fueled global rally. At its peak, India’s m-cap stood at $2.22 billion at the start ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
Copyrights © 2020 Business Standard Private Ltd. All rights reserved.
