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Additionally, Foreign Portfolio Investors (FPIs) made a net investment of Rs 14,860 crore in the debt market last month, making it the highest level in six years, data with the depositories showed.
FPIs returned to Indian markets in November, investing Rs 9,000 crore amidst falling US treasury bond yields and resilient domestic market. Additional
Tata Technologies, Gandhar Oil Refinery, Indian Renewable Energy (IREDA) and Flair Writing Industries made bumper debuts while Fedbank Financial Services disappointed investors
Bumper listings are becoming a norm. Out of the 101 IPOs that we saw in 2023 so far, 84 are still trading at a premium to their issue prices.
Analysts said the 163% surge on the opening day has made Tata Technologies a more expensive bet than some of these rivals with a more diversified client base. But the bet could pay off if investors have the patience to hold the stock for a longer period, they said.