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

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

India’s market capitalisation slips below Rs 200 trillion, shows data
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The country reached its highest-ever m-cap of Rs 210.2 trillion ($2.88 trillion) on March 3

Samie Modak Mumbai
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.

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First Published: Mar 26 2021 | 12:45 AM IST

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