$1 trillion wiped out! Indian stock market crash shrinks its share in global market cap
India’s share of global equity market value is approaching 3%, showing a significant decrease from its highest point of over 4%. (AI image)
What a fall! BSE Sensex and Nifty50 have plunged drastically from their lifetime peaks in a matter of a few months. According to a Bloomberg report, the Indian stock market decline has erased over $1 trillion in market value during the previous four months! This has led to a reduction in India’s portion of worldwide market capitalisation.
Based on a 20-day average calculation, India’s share of global equity market value is approaching 3%, showing a significant decrease from its highest point of over 4% recorded in the previous year, the report said.
The Indian stock market is experiencing an…
