India swings back to $2 trillion market cap club, as equities recover losses

Riding on abundant foreign liquidity which fuelled a rally in equities, aggregate market cap of Indian stock markets have expanded to pre-covid levels while recovering losses made in March. Data showed that India’s stock market capitalisation is back to $2 trillion-mark for first time in nearly six months while benchmark indices have surged nearly 48% from the lows hit in March. India’s market cap was at $2 trillion last in February. India had first entered the $2 trillion market cap club of eight countries in May 2017. Bloomberg data showed value of all shares traded, or aggregate market capitalization of India has climbed to $2...