Indian Market Cap Dips Below $5 Trillion Amid Global Selloff, Budget Jitters

• NSE listed firms' market cap fell below $5 trillion for the first time in eight months, reaching $4.98 trillion.
• Benchmark indices Sensex and Nifty dropped over 4% in ten trading sessions, hitting near three-month lows.
• Broader markets, Nifty Midcap 100 and Smallcap 100, plunged significantly, with Midcap closing below its 200-day EMA.
• Global market correction, US-Europe tensions over Greenland, and Japanese bond selloff fueled the decline.
• Sustained FII selling, stretched valuations, and subdued earnings growth also contributed to market weakness.

Why It Matters: Indian equity markets experienced a significant correction, pushing market cap below $5 trillion.