Incidentally, most of the blockbuster unicorns that got listed during the Covid-19 pandemic such as Nykaa, Paytm and Zomato eventually dropped much below their listing prices. Only investors with a high risk appetite can consider this IPO.
In the Nifty500 pack, nine stocks’ closing prices crossed below their 200-day moving averages (DMA) on September 21, according to technical scan data from StockEdge.
MSCI Inc.’s gauge of Asian shares climbed 0.5%, with memory chipmakers Samsung Electronics Co. and SK Hynix Inc. the top contributors to gains. South Korea’s
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