India's market capitalisation erodes $1.3 trillion from peak, shows data

A sharp selloff triggered by the ongoing war between US-Israel and Iran has wiped out significant investor wealth in Indian equities, with total market capitalisation (mcap) down $1.3 trillion from its peak.

 

India’s mcap, which stood at $5.71 trillion on April 27, 2024, has declined 22.6 per cent to $4.42 trillion. In rupee terms, the erosion is relatively lower at 13.7 per cent, translating into a loss of ₹66 trillion. Since the outbreak of the war, India’s mcap has fallen by $676 billion, surpassing the $508 billion decline seen in March 2020.

 

While global mcap has declined 7.3 per cent this month, India’s 13.3 per cent drop is the steepest among major markets.