The Indian market closed in the red for the third consecutive day in a row on Friday. The BSE Sensex fell nearly 700 points, while the Nifty50 closed below 25,200 levels.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next