Despite a fairly limited movement in the benchmark equities, the total market capitalization of the Indian stock markets has fallen significantly this year. Data collated by Bloomberg showed that India's aggregate market capitalization fell by 2.91 percent in dollar terms from the start of 2019. BSE benchmark index Sensex has gained 1.04 percent in rupee terms during the same period but dropped 1.13 percent in dollar terms.
Aggregate market cap of all the listed Indian companies has dropped 1.17 percent to Rs 144.48 trillion from Rs 142.9 trillion at the start of this year.
Among the top ten countries by market capitalization, India is the only country to see a drop this year while Canada gained the most at 10.58 percent to be valued at $2.06 trillion. India is at the ninth position in the league table of the world's biggest stock markets at the current market cap of $2.02 trillion. In December 2017, it had briefly risen to the seventh position before being beaten by Canada and Germany at the seventh and eight positions respectively in January. Germany gained 4.32 percent this year to $2.04 trillion.
Shares of Mid-Cap and Small-Cap companies have decreased in value overall on BSE from January till now, while the Sensex rose during the same time. BSE MidCap index's contribution to the country's total market cap is now 13.61 percent, down from 14.16 percent in January 2018. On the other hand, Sensex's contribution has grown from 39.7 percent to 45.6 percent at current levels.
BSE's MidCap and SmallCap indices have lost 3.32 percent and 2.55 percent, respectively this year. In the previous year, BSE's MidCap fell 13.38 percent and SmallCap index slipped 23.53 percent.
Meanwhile, the Indian rupee remains the worst performing currency among its Asian peers. After weakening 8.46 percent last year, the rupee is already lost 2.08 percent in 2019.