IPOs overwhelm but blue-chips underperform in Indian stock market
IPOs are getting overwhelming response in the backdrop of falling stock prices of Blue Chip companies
IPOs are getting overwhelming response in the backdrop of falling stock prices of Blue Chip companies
Jio Financial Services, Reliance Industries, Power Grid, JSW Steel, Larsen & Toubro, and ONGC contributed the most to the losses in Sensex.
Whenever the market tanks 20% from its peak, it is technically termed as Bear market. So far, the Indian market has tanked 15% from its peak in November 2021.
Gloomy Quadrilateral is a depressing concoction of spiking crude, rising gold prices, pessimistic foreign investors and weakening rupee that dampens the zeal of equity investors.