Foreign investors continued their sell-off in Indian equities, particularly in financials, extending withdrawals into the latter half of April. This sector saw significant outflows due to its heavy weight and inflation concerns. Conversely, power and capital goods attracted substantial inflows, driven by strong demand and global trends.
Kusumgar’s Rs 650-crore IPO opens today; grey market points to nearly 40% listing gains
The IPO has generated significant excitement in the grey market, where it is currently trading at a Grey Market Premium (GMP) of about Rs 166