“A rise in the US 10-year bond yield and a strong dollar index influenced FIIs to flee emerging markets. A fall in liquidity in the banking system, a weak currency and a current premium valuation set the market outlook bearish for the near term,” Vinod Nair, Head of Research at Geojit Financial Services, said.
Fabtech Technologies Cleanrooms IPO opens on Friday. Check price band, GMP, other details
Fabtech Technologies Cleanrooms will launch its IPO on January 3, aiming to raise Rs 27.74 crore. The issue comprises a fresh issue of equity shares.