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No, $705m is correct. The $705B number would be gigantic. The entire stock exchange capitalization in India is about $3 Trillion. An influx of so much money cou
by npalli 11y ago
No, $705m is correct. The $705B number would be gigantic. The entire stock exchange capitalization in India is about $3 Trillion. An influx of so much money could easily triple or quadruple the stock market in a flash. It is almost as big as the TARP bailout.
Now, it is legitimate to ask how much impact $705m has on the stock market. I don't think it matters that much yet. If it leads to further inflows it could make a difference.
- lindig 11y agoSo an influx of $705M is supposed to move a $3T market by 7%? That's 705e6/3e12=.0002 or 0.02%. I still don't buy it.