Only market among top 15 to see a fall; world m-cap has risen 4.2% in April
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
Only RIL and SBI emerged as gainers from the top 10 most-valued companies list
Of the 441 stocks that gained, only 147 outperformed the BSE 500 index, which has risen 8.6 per cent in the past five trading sessions
China's m-cap is now 4.3x India's, whose m-cap grew just 17 per cent to $2.5 trillion in CY20 - 2.4 per cent of the global m-cap
While global markets have added $7 trillion in this month, India has added $177 billion (Rs 13 trillion) in just eight trading sessions
Over the last 12 months, MSCI India has remained flat, while MSCI EM has slid 1.5%
Foreign portfolio investors (FPIs) and mutual funds (MFs) have seen their assets under custody (AUC) grow at a much faster rate
In the top-10 list, only Tata Consultancy Services (TCS) and HUL saw gains in their market capitalisation (m-cap) for the week ended Friday
A decade ago, there were only 10 companies in the coveted club
The research house also expects the market-cap of Asian equities (combined) to double to $56 trillion over the next 10 years
The surge of 23 percentage points is due to exuberance in the equity market despite economic growth slowing