500 Feeling The Heat
THE AVERAGE MARKET capitalisation of BT 500 companies has fallen for the first time since 2012 reflecting the economic slowdown, a decline in corporate earnings and the liquidity crisis that have taken the sheen off Dalal Street.
BT 500 is a list of top 500 companies by average market cap. For the October 2018 to September 2019 period, the average market cap was ₹137.5 lakh crore, down 1.5 per cent over the previous year. “Broadly, lack of earnings is the major reason behind the decline,” says Siddharth Sedani, Vice President-Equity Advisory, Anand Rathi Shares and Stock Brokers. Corporate earnings grew only 6 per cent in 2018/19 and
