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M-cap of emerging markets positive in June 2016, India rises

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Press Trust of India New Delhi
Market capitalisation of emerging countries showed a positive trend at the end of June 2016 as against developed markets, including the US that saw a 0.8 per cent fall in valuations to USD 23.4 trillion.

According to the data by regulator Sebi, the market capitalisation (M-cap) of India increased by 3.2 per cent to USD 1.5 trillion while that of China increased by 3.7 per cent to USD 6 trillion.

Among major developed markets, the m-cap of France, the UK and Germany declined by 6.1 per cent, 5.7 per cent and 5.3 per cent, respectively, the data showed.

M-cap of Japan plunged by 2.8 per cent while Hong Kong's m-cap fell by 0.7 per cent at the end of June 2016.
 

As regards emerging markets, the m-cap of Brazil, Indonesia, Columbia and South Africa rose significantly by 18.3 per cent, 9.8 per cent, 7 per cent and 7.7 per cent, respectively.

Among other major countries with an exception, m-cap of Singapore and Australia increased by 2.8 per cent and 0.3 percent, respectively, according to the data.

Last week, total market valuation of BSE-listed companies surged to a lifetime high of over Rs 112 lakh crore on September 6, driven by robust stock market sentiment.

The m-cap swelled to Rs 1,12,44,145 crore. Earlier, it had hit a high of Rs 100 lakh crore in November 2014.

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First Published: Sep 13 2016 | 8:02 PM IST

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