By Dilip Davda The wait is finally over. NSE has received final confirmation for its IPO, which opens on September 17 and closes on September 21, with listing likely around September 24. The size, however, has been trimmed by roughly Rs 10,000-11,000 crore from earlier estimates. The company is offeringContinue Reading
Let’s start with the secondary market, because it’s been a rough patch. Last week marked the fifth negative week in a row, and we saw fresh lows on both benchmarks. The Sensex closed below the psychologically important 75,000 mark, settling around 74,272, while the Nifty broke below its 23,500 supportContinue Reading
The secondary market has disappointed everyone with four negative weeks in a row now. Last week again, the Nifty was down 278 points and the Sensex was down 749 points. That is a meaningful drawdown, and it is on expected lines given what has been happening globally. Iran’s exchange ofContinue Reading
The secondary market went negative for the third straight week, and honestly, that was on expected lines. Global geopolitical tension is still simmering, and both the dollar and crude oil have been swinging around in a volatile way. Those two factors matter enormously for the Indian economy, and that volatilityContinue Reading
By Dilip Davda Last week gave us a good sense of just how split this market has become. The secondary market marked its second straight negative week, and many expected that to put some brakes on the primary market. It hasn’t. If anything, the primary market is going unabated higher,Continue Reading
The mood at the start of this week is a constructive one. I am bullish on the economy, and the Prime Minister’s Independence Day address has only strengthened that view. In his speech, he announced a fresh set of growth measures for the Indian economy, and if these are carriedContinue Reading
Over the last two weeks, there has been a noticeable improvement in the market — both in the final week of July and the first week of August. The primary reason is that even as geopolitical tensions persist, there is no shortage of inflows into the market. The dollar isContinue Reading
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