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The valuation of the Indian stock market fell below $ 4 trillion (about 346.78 lakh crore rupees) on Friday (14 February). The stock market's captivity came to $ 3.98 trillion during trading. However, it later recovered and again crossed the $ 4 trillion.
The reason for this is weakness in rupee and decline in stock market. This is the first time after December 4, 2023 (14 months) when the market cap came under this benchmark. Earlier in December it was at an all -time high of $ 5.14 trillion.
India's stock market has a major decline of 18.33%. At the same time, the Indian rupee has weakened about 1.5% against the US dollar so far this year. This is the biggest decline this year compared to the world market.
America's value increased by 3% this year
According to Bloomberg's data, Zimbabwe is 18.3% and Iceland is in second and third position. Whereas, the world's largest market, America's market value has increased by about 3% this year. While China and Japan have increased by 2.2%. Other major markets including Hong Kong, Canada, UK and France saw an increase of 1.2%, 7.2%, 7.1%and 9.9%.
Indian stock market declined by 3.4%
The Sensex and Nifty have been due to a decline of more than 3.4% so far this year. At the same time, benchmarks like BSE midcap and smallcap have fallen by 15% and more than 18%. At the same time, the slowdown has increased due to the selling of foreign investors.
This year, there has been a withdrawal of more than $ 10 billion from Indian equity amidst slow growth rate, weak income and high valuation concerns. In addition, US President Donald Trump's tariff statement has also affected the market sentiment.
Sensex dropped 1,921 points this week
On the last trading day of the week today, on February 14, the Sensex fell 199 points to close at 75,939 levels. The Nifty also fell by 102 points, it closed at 22,929 levels. At the same time, BSE Smallcap fell 1522 points to close at 45,411 levels.
Out of 30 Sensex's 30 shares, 25 declined and 5 declined. Out of 50 shares of Nifty, 41 declined and 9 declined. The media sector of the NSE Sectoral Index was the biggest decline of 3.40%.
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Rupee record all time on low: 44 paise fell to 87.94 against dollar, foreign goods will be expensive
The rupee has come on its record all time low today i.e. February 10. It has a decline of 44 paise against the US dollar and has come down to the lowest level of Rs 87.94 per dollar. Earlier, the rupee closed at 87.50 against the dollar.
According to experts, the reason for this decline in the rupee is recently being sold through foreign investors in the Indian stock market. Apart from this, the reason has also had a negative effect on the rupee political tension.
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