Serv Pvt. Ltd, attributed the December drop to profit-booking, a shift in sector preferences toward IPOs, and a pullback by foreign portfolio investors (FPIs) in anticipation of a stronger dollar and a weaker rupee. "Large-cap stocks were sold off to fund investments in IPO-related opportunities for better returns," Choksey explained. "I believe growth concerns are overblown, and see this as a buying opportunity."
Deepak Jasani, head of retail research at HDFC Securities, concurred, citing FPI net selling driven by year-end considerations and disappointing macro data, particularly weak corporate earnings. "Much of the FPI inflow has been diverted to the primary market, putting additional pressure on the secondary market," he added.
Despite December's turbulence, analysts remain optimistic about the long-term outlook. Choksey said that robust IPO activity in 2024, which raised ₹1.6 trillion, could be the precursor to even greater volumes in 2025, potentially exceeding ₹2 trillion.
Denne historien er fra December 25, 2024-utgaven av Mint New Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 25, 2024-utgaven av Mint New Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
India's Leadership Has a Valuable Role to Play in a Multipolar World
Its strategic autonomy and multi-alignment place it in a unique position to lead everyone towards globally shared goals
Nike's Turnaround Strategy Will Need the Second Shoe to Drop
Its new CEO has made a beginning, but the real big test lies ahead
Why are product displays on e-commerce sites so drab?
Businesses based on technology shouldn't lose touch with the subtle art of persuasion
Policymaking as usual does not suffice for periods of transition
Economic thinking across the world must look beyond the certainty of numbers in uncertain times
One Nation, One Election: Consultation time has begun
The idea of state and central polls being held in sync has its pros and cons that need careful examination
Truth About AIFs: Debunking Myths, Tapping Potential
AIFs emerge as a promising avenue for asset diversification, as well as for wealth creation
Still a Work in Progress: Tech Letdowns of 2024
We shed light on the hurdles these technologies face, and explore their chances of bouncing back
How to choose a crypto trading platform to invest in digital assets
The comparison covers KYC time, minimum investments, safety guidelines, process, user growth and volumes
Hisense in talks with EDPL for stake
Hisense group, a China-based multinational appliance and electronics manufacturer, is in talks with Epack Durable to acquire a minority stake in a step-down subsidiary of the Original Equipment Manufacturer.
Arunish Chawla named revenue sec
Senior bureaucrat Arunish Chawla has been appointed the revenue secretary as part of a top-level bureaucratic reshuffle effected by the Centre on Wednesday.
