India’s total equity market capitalisation (m-cap) has dropped to a six-month low of Rs 2,52,39,045.09 crore in February 2022.

However, the market valuation has increased 25.68% as compared to February 2021, when it was at Rs 2,00,81,095.73 crore.

During February 2022, the 10 most active securities were Reliance Industries, HDFC, Cipla, Tata Power, Adani Wilmar, Vodafone Idea Ltd, Tata Consultancy Services (TCS), Adani Power, Tata Motors and Infosys.

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Reliance Industries had the highest share in the total market capitalisation during the reported month at 6.11%, followed by TCS at 5.15% and Infosys 2.82%.

Total equity market capitalisation in January 2022 was at Rs 2,64,41,207.18 crore.

Since November 2021, the market valuation of BSE-listed companies has been rising continuously, only to drop in February 2022.

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The previous low for m-cap was Rs 2,50,02,084.01 crore in August 2021.

The equity market capitalization for the month under review reached its lowest level on February 24 at Rs 2,42,24,179.79 crore, the day Russian President Vladimir Putin announced a military operation in Ukraine.

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The market cap is entirely dependent on the trend of the market, which in turn is entirely influenced by the Ukraine crisis now. If the crisis ends soon, there will be a sharp uptrend in the market for some time. However, this is unlikely to continue since the Fed is expected to tighten monetary policy starting March. This will be a major headwind for global equity markets in 2022, said V K Vijayakumar, chief investment strategist at Geojit Financial Services, as reported by PTI.

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The highest market valuation this month was Rs 2,70,64,905.75 crore on February 2.

In addition, the equity market turnover in February decreased to Rs 96,248.87 crore from Rs 1,07,293.71 crore in January. There were a total of 20 trading days in both months.