Global M-cap

The combined market valuation of eight of the top-10 most valued firms climbed Rs 2.90 lakh crore last week, with Reliance Industries emerging as the lead gainer, amid optimism in equities. Last week, BSE benchmark Sensex jumped 1,384.96 points or 1.95 per cent. From the top-10 pack, Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank, Infosys, LIC, State Bank of India, and Hindustan Unilever were the gainers, while Bharti Airtel and ITC faced erosion of their valuation. The combined market valuation of eight of the top-10 most valued firms stood at Rs 2,90,267.98 crore. The market capitalisation (mcap) of Reliance Industries jumped Rs 1,38,290.85 crore to reach Rs 19,72,028.45 crore. Shares of the company jumped 7.54 per cent last week. Tata Consultancy Services (TCS) added Rs 57,867.9 crore, taking its valuation to Rs 14,51,307.84 crore. The market valuation of State Bank of India climbed Rs 33,467.29 crore to Rs 5,80,456.76 crore and that of Life Insurance ..

The US-based investment bank said the growth in EMs will continue to outpace that in the developed market, with 7 of the top 10 world economies becoming EMs by 2075

E-commerce giant Amazon also is among the fastest as it went public in just three years.

Currently, the domestic markets rank 6th with a market cap of $3.55 trillion. During the start of the year, India was in 8th position

Only market among top 15 to see a fall; world m-cap has risen 4.2% in April

China, which was at number 5 in 2010, is now at number 2 with an m-cap of $10.9 trillion

Earlier this week, the world market cap crossed the coveted $100-trillion milestone. It had slipped below $62 trillion in March amid widespread selling triggered by the Covid-19 pandemic

The ongoing fall in share prices and the rupee has pushed India's share of global market capitalisation (m-cap) to a seven-month low of 2.45 per cent. Since the beginning of September, India's pie in global markets has eroded around 20 basis points (bps), a relative underperformance by markets here. The benchmark Nifty on the National Stock Exchange is down around five per cent in dollar terms so far this month, amid a sharp selloff of $1.1 billion by foreign portfolio investors (FPIs). At the peak in May, India constituted 2.7 per cent of the global m-cap.Escalating tension between America and North Korea have put brakes on the overall rally in emerging markets (EMs). The fall has been steeper in Indian markets due to concerns surrounding domestic economic growth. Since the beginning of the current financial year, say analysts, Indian markets saw a sharp rally, while the macro fundamentals, including economic growth and corporate earnings, remained muted. This led to a surge in ...