Market Capitalization Plummets: Modi’s BJP Alliance Struggles to Retain Majority in India Elections
Mumbai, India – On June 4, a significant drop in the All India Market Capitalization index, tracked on the Bombay Stock index, resulted in losses of over 31.06 trillion rupees, or about $371 billion in a single day. The Sensex index wiped out all its gains for the year, transitioning from a 5.85% year-to-date increase to a 0.22% loss position. Similarly, the Nifty 50 recorded a drastic decrease from a 7% year-to-date gain to a …