On Monday, India had a trillion-dollar economy and a trillion-dollar stock market. A day later, it had neither. The culprit: a vicious cycle set off primarily by high international oil prices that refuse to come down below $140 per barrel. BSE closed on Monday with a market capitalization of about $1.02 trillion. On Tuesday, a fall of 500 points in the Sensex and a gain of 32 paise for the dollar against the rupee saw that figure drop to $970 billion.
Source: Times of India
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