Sensex slumps to 7-month low, mcap falls below $5tn mark
India's market capitalization dropped below $5 trillion for the first time in over seven months due to a sliding market and a weakening rupee. Investor sentiment waned due to strong US jobs data, rising crude oil prices, and global market sell-offs, leading to heavy losses in midcap and smallcap stocks.
India's market capitalization dropped below $5 trillion for the first time in over seven months due to a sliding market and a weakening rupee. Investor sentiment waned due to strong US jobs data, rising crude oil prices, and global market sell-offs, leading to heavy losses in midcap and smallcap stocks.
