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Out of the 56 companies that went listed since Diwali 2022 after collectively raising Rs 47,890 crore from the primary market, the shares of 48 firms are trading above their issue price
The markets had a modest start to the week and closed down. Investors are approaching trading with caution, given the uncertainty in the global landscape. Ongoing tensions in the Israel-Palestine conflict, coupled with weak overseas economic fundamentals and continuous foreign institutional investor (FII) selling, have contributed to a subdued sentiment.
On Tuesday, 2184 stocks advanced, 1506 declined and 135 remained unchanged, with an advance decline ratio of 1.45 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.
The Indian stock markets experienced a wave of panic as 178 stocks plummeted by over 4.5% on Monday. This dramatic downturn came as investors swiftly offloaded their equity holdings, adopting a risk-averse approach in response to escalating tensions between Israel and Hamas.
IndusInd Bank and foreign room expands, the banking stock could become a potential new entrant with an approximate inflow of $280 million.