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India tumbles out of $2 trillion m-cap club as FPIs exit

India’s stock market capitalisation fell below the $2 trillion mark for the first time in six months, triggered by the selloff in July that led to 8.8% erosion in investor wealth during the month. The country’s total value of all listed stocks dropped to $1.97 trillion on Friday. India first entered the $2 trillion market cap club of eight countries in May 2017. The country’s stock market, which overtook Germany’s to become the seventh largest in the world in December last year, slipped to ninth amid FPIs selling equities worth Rs 15,000 crore since the July 5 budget.

Read More at The Economic Times News date : 5 Aug 2019, Monday

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