The SME IPO index recently reached the 1 lakh mark, but faced a drop on Thursday as Sebi warned investors against blindly investing in SME stocks. Sebi highlighted that some promoters create unrealistic pictures of their operations. Investors are urged to be cautious and avoid relying on unverified social media posts or rumours.
India Inc reduced overseas bond issues on local liquidity, rupee fall
Indian companies scaled back overseas bond issuances as improved domestic liquidity and a weaker rupee made local fundraising more attractive.