India’s market capitalization fell below $3 trillion for the first time in nine months, mainly due to persistent selling pressure from instability in the US and European banks. Deutsche Bank further fuelled concerns about the well-being of the European banking sector.
The report says India’s market capitalization currently stands at $2.99 trillion, last seen on 23 June 2022. It is currently ranked sixth among the top 10 most valued countries. Since the beginning of this year, it has experienced a decline of almost $300 billion m-cap.
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