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India tumbles out of $2 trillion m-cap club as FPIs exit

Aug 06, 2019 - The Economic Times

Mumbai: India's stock market capitalisation fell below the $2 trillion mark for the first time in six months, triggered by the selloff on Dalal Street in July that led to an 8.8 per cent erosion in investor wealth during the month. The country's total value of all listed stocks dropped to $1.97 trillion on Friday, slipping below Europe's biggest economy Germany as foreign investor sentiment has soured following the increase in tax surcharge on many of them and a slowdown in the economy.India fir...