Indian Market Cap hits USD3t - Motilal Oswal
* India’s market-cap yesterday touched USD 3 trillion mark, a momentous milestone in an exhilarating journey. That it came amidst the uncertainty and volatility caused by once in a century pandemic, makes the milestone even more special. Global and Indian equity markets have seen an action packed CY20 with widespread lockdowns and restrictions impacting economies and corporate earnings.
* Amidst these chaos, market posted a sharp recovery in 2HCY20 and further built on it in CY21 so far. As the 2 nd Covid-19 wave recedes in India (active cases down ~1/3rd in 3 weeks from the recent peak) and pace of vaccination picks up in rest of the CY21, we hope and expect the journey will become little more smoother.
* We take a look at some important milestones in this market-cap journey through some interesting exhibits.
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