<p>As the market barometer Sensex plunged to a 28-month low, the total size of the market today dipped to Rs 5,348,352.02 crore, measured in terms of total value of all the listed companies in the country.<br /><br />At the currency rate of Rs 52.87 against the US dollar at the end of day, the Indian market was worth USD 1,011.6 billion in the American currency.<br /><br />At the day's lowest level of rupee at Rs 53.25, the market size was USD 1004.4 billion -- retaining the trillion-dollar tag by a whisker.<br /><br />In percentage terms, the market is just about 1 per cent away from losing its trillion-dollar size and an equivalent fall in either the stock market or the rupee value could take the market below this mark.<br /><br />The rupee has been a declining trend for many months now and had hit its record low level below Rs 54-level last week, but the fall has been somewhat arrested since then on the back of an intervention by the Reserve Bank.<br /><br />The market size has been hovering above the trillion- dollar mark for last few days and an eminent miss was averted on Thursday last week, when the RBI managed to reverse the downfall of rupee after a record fall to Rs 54.30 level.</p>.<p>On Friday, the market size stood at Rs 54,11,301 crore or USD 1.026 trillion, based on that day's currency rate of Rs 52.30, as the market tanked sharply.<br /><br />The experts say that India could slip out of the coveted league of trillion-dollar stock markets anytime in the event of any noticeable fall in the rupee value or the stock market.<br /><br />Besides India, there are an estimated 13 countries in the trillion-dollar stock market club and these include, the US, the UK, Canada, Brazil, Australia, Hong Kong, South Korea, <br />China, Japan, Spain, Germany, Switzerland and France.</p>.<p>Earlier this year, Russia moved out of this league, while the valuation of a pan-regional stock market for the Nordic region in Europe has also slipped below USD one trillion.<br /><br />The Indian market had first achieved a trillion-dollar size about four and half years ago on May 28, 2007, but moved out of this coveted league about a year later on July 1, 2008.<br /><br />India again joined this elite club of markets with trillion-dollar valuation about a year later on June 3, 2009.<br /><br />The Indian market was, in fact, seen inching towards the two-trillion dollar mark at least twice in the past -- first in early 2008 and then at the beginning of 2011 with a size as high as USD 1.9 trillion.<br /><br />However, a sharp plunge in the market this year has led to its valuation falling by close to Rs 20 lakh crore (over USD 500 billion) and currently faces a high risk of losing its trillion-dollar tag. <br /></p>
<p>As the market barometer Sensex plunged to a 28-month low, the total size of the market today dipped to Rs 5,348,352.02 crore, measured in terms of total value of all the listed companies in the country.<br /><br />At the currency rate of Rs 52.87 against the US dollar at the end of day, the Indian market was worth USD 1,011.6 billion in the American currency.<br /><br />At the day's lowest level of rupee at Rs 53.25, the market size was USD 1004.4 billion -- retaining the trillion-dollar tag by a whisker.<br /><br />In percentage terms, the market is just about 1 per cent away from losing its trillion-dollar size and an equivalent fall in either the stock market or the rupee value could take the market below this mark.<br /><br />The rupee has been a declining trend for many months now and had hit its record low level below Rs 54-level last week, but the fall has been somewhat arrested since then on the back of an intervention by the Reserve Bank.<br /><br />The market size has been hovering above the trillion- dollar mark for last few days and an eminent miss was averted on Thursday last week, when the RBI managed to reverse the downfall of rupee after a record fall to Rs 54.30 level.</p>.<p>On Friday, the market size stood at Rs 54,11,301 crore or USD 1.026 trillion, based on that day's currency rate of Rs 52.30, as the market tanked sharply.<br /><br />The experts say that India could slip out of the coveted league of trillion-dollar stock markets anytime in the event of any noticeable fall in the rupee value or the stock market.<br /><br />Besides India, there are an estimated 13 countries in the trillion-dollar stock market club and these include, the US, the UK, Canada, Brazil, Australia, Hong Kong, South Korea, <br />China, Japan, Spain, Germany, Switzerland and France.</p>.<p>Earlier this year, Russia moved out of this league, while the valuation of a pan-regional stock market for the Nordic region in Europe has also slipped below USD one trillion.<br /><br />The Indian market had first achieved a trillion-dollar size about four and half years ago on May 28, 2007, but moved out of this coveted league about a year later on July 1, 2008.<br /><br />India again joined this elite club of markets with trillion-dollar valuation about a year later on June 3, 2009.<br /><br />The Indian market was, in fact, seen inching towards the two-trillion dollar mark at least twice in the past -- first in early 2008 and then at the beginning of 2011 with a size as high as USD 1.9 trillion.<br /><br />However, a sharp plunge in the market this year has led to its valuation falling by close to Rs 20 lakh crore (over USD 500 billion) and currently faces a high risk of losing its trillion-dollar tag. <br /></p>