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India’s market cap growth lowest among top 10 global markets
January 07, 2020
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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