An $80 billion crash in smallcaps flashes warning signs

March 14, 2024

A sharp correction in small-cap stocks is affecting the broader Indian market. The index of small-cap stocks has lost over $80 billion in market value. The MSCI India Index is lagging behind Asia Pacific index. The regulator expressed concern about price manipulation in new listings.

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India’s IPO market is set for a quiet week, with just one fresh issue worth Rs 56.68 crore opening for subscription and no mainboard launches.

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