Worst affected were the countries of euro zone, which saw a loss of $10.9 trn
Analysts believe that investors will remain cautious this week ahead of results of HDFC and Infosys.
The government is trying to send a signal it wants to stimulate the economy and the stock market.
Regulator may relax norms to help companies achieve 25% public float.
With shares of most companies listed this year slipping below their issue prices and two initial public offerings (IPOs) already withdrawn, the scenario has remained challenging for the primary market.
Some state-run banks made 10,000-13,000 per cent gains on their holdings in the Multi Commodity Exchange (MCX) after the latter commodity bourse made an impressive listing on Friday.
A more proactive government and some level of fiscal discipline are needed to sustain the current rally, says Suresh Mahadevan, managing director and head of equities, UBS Securities (India).
According to the new takeover guidelines, if they buy 25 per cent or more, they will have to make an open offer for another 26 per cent.
Investment bankers generally laugh all the way to the bank once shares get listed on the bourses, but they may have to hang around a bit longer. The Securities and Exchange Board of India (Sebi) is planning to make the bankers managing an issue responsible for the end-use of issue proceeds.
More pain likely, say analysts, with gloomy demand scenario and slowing economy.
India's weight in the emerging market portfolios of foreign institutional investors (FIIs) has risen by about 100 basis points in June to 7.96 per cent as compared to May.
Importantly, after the interest rate rises by the Reserve Bank of India (RBI) in the recent past, there is a high probability of corporate India getting hit on profits.
Companies together have lost about Rs 20,000 crore (Rs 200 billion) in market value since the arrest of former telecom minister, A Raja, leading to historically low valuations.
Management quality and issue price are key concerns for investors; over 60 per cent of the issues this financial year are trading below issue price.
While experts suggest that the outlook remains positive, there is also a need to be cautious due to the sharp rise in prices and the fact that markets have already started to factor in 2011-12 earnings.
The IMD dispelled fears by forecasting a normal monsoon for June-September. Rainfall is expected to be 98 per cent of the long period average, significantly higher compared to last year's 77 per cent LPA.
Monetary policy measures give temporary respite to rate-sensitive companies.
The steel sector's fortunes are very closely linked with growth in the economy and industrial activities in the country. The consumption of steel in India and globally has been growing over decades except for a few years of economic slowdown.
Expect markets to remain volatile as the poll dates come closer as well as if uncertainty prevails post-May 2009.
With growing concerns over global economic growth and further cuts in earnings estimates, a recovery in markets is not expected before end-2009.
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