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Indian stock market close to exiting elite trillion-dollar club
By PTI | 4 Aug, 2013, 07.36PM IST
MUMBAI: As downward pressure continues on rupee and share prices, India has moved dangerously close to slipping out of the elite 14-member global league of stock markets having a trillion-dollar valuation.
Currently at $ 1.004 trillion, Indian market is managing to stick to its trillion-dollar tag by a wafer-thin margin of 0.4 per cent and may lose this status by any further fall of this small magnitude in rupee or stock valuations.
According to the data available with the stock exchanges, the total value of all listed companies in the country has retained the trillion-dollar level by a margin of less than one per cent for many days now.
However, a gap of 0.04 per cent is the smallest in the recent past. Amid weak market trends, Indian market's value fell to Rs 61,36,641.52 crore at the end of last trading session on August 2, while rupee also fell to 61.10 per US dollar -- giving the stock market a dollar-valuation of USD 1.004 trillion.
Excerpt: Indian stock market close to exiting elite trillion-dollar club - The Economic Times