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India’s market cap growth lowest among top 10 global markets

January 07, 2020

India’s market cap growth lowest among top 10 global markets

India still managed to stay up in 2019 through a strong rally in large market cap stocks.

What pulled India in the least among the top 10 global stock markets was because of the small and mid-cap stocks weakening aggregate market performance.

According to the Bloomberg data, India had an aggregate market cap of $2.15 trillion at the end of December, up merely 3.43% from a year ago, while the benchmark 30-share Sensex gained 11.91% i.e. in dollar terms.

In rupee terms, the aggregate market cap touched 155.55 trillion, up 7.65%, while the Sensex rose 14.38%.

The least growth in the global market can be expected due to economic slowdown, weak GDP growth poorly managed capital allocation decisions and weakening local currency.

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