![]() But it's likely most of those investors were already close to becoming millionaires before the IPO.įor the average investor, IPOs may prove to be only a little bit more profitable than ordinary stock investing. True, some IPOs succeed in creating overnight millionaires. For better or worse, that's more the “TV version” of IPOs than the reality. They conjure up visions of large, sophisticated investors with an inside track making millions on a single stock transaction. ![]() However, we expect the pace of the rally to moderate from here on and some profit booking cannot be ruled out at higher levels.IPO investment (Initial Public Offerings) have an exciting, almost exotic ring to them. We expect the flows to remain strong for now which should help propel the markets to new highs. 20,000 crore in February which is helping drive the markets. So far we have already witnessed FII flows of over Rs. While we did see some profit booking in the second half of January the Union Budget 2020-21 turned the tide around for the market. 60,000 in Nov and Dec 2020 flows slowed down somewhat in January to ~Rs. Jyoti Roy, DVP -Equity Strategist, Angel Broking said,"The Sensex has today hit new all time high levels of 52,000 driven by continued strong flows due to positive global cues. The momentum indicators like RSI, MACD to support the upside move and indicating potential upside from the current market level."Īlthough, Sensex's climb to 52,200 levels and Nifty's breach of the psychological level of 15,300 mark has created new resistance levels for the index and is likely to face some consolidation in the index this week. The expected levels of the market are likely to be in the range of 1520, and it's going to be crucial for the short-term market scenario to sustain above the 15250 Nifty50 index level. On markets closing -Ashis Biswas, Head of Technical Research at CapitalVia Global research said,"Market witnessed a positive trend today after a few days of the lackluster movement. As per analysts, global markets will guide the market further. The recent uptick in high-frequency key economic data, prospects of Covid-19 vaccines pulling the global economy out of recession and rebound in corporate earnings kept investors optimistic worldwide. With stock markets scaling new peaks, BSE's market capitalization rose to Rs 205 lakh crore. Today, Sensex hit a record high of 52,235 and Nifty hit a lifetime high of 15,340. ![]() Traders said the post-Budget rally is still underway despite rich valuations of stocks, with Sensex and Nifty climbing over 12% since February 1. Key indices reached new record highs during the intra-day trade amid bettr than expected earnings. Both Sensex and Nifty closed with a gain of more than 1%, on the back of Bank Nifty, that climbed by 3.65% to 37,425, recording a significant surge from the 31000-32000 levels. Nifty Private Bank index ended up 3.32% at 19866.55 today. Where Nifty Financial Services index gained 2.87% on the day. Banking and financial stocks such as HDFC twins, Bajaj twins, ICICI Bank, Kotak Mahindra Bank, Infosys, IndusInd Bank and Axis Bank led the rally. Strong buying was witnessed in index heavyweights from banks, and realty space that supported the market rally. Markets in China, Hong Kong, Taiwan as well as the U.S. Similarly, European and Asian stocks traded higher on Monday. Traders said investors turned optimistic over the prospects of more financial aid from Washington, with coronavirus cases falling and vaccine rollout picking up steam. US stock indexes closed at record highs on Friday on hopes US stimulus will boost the economy with quarterly corporate earnings reports impressing analysts. Joseph Thomas, Head of Research, Emkay Wealth Management said,"Markets elsewhere, in the East as well as early Europe, have been well supported by the fruition of large scale vaccination as also expectations of larger economic stimulus in the US." Most affected countries like US, UK, Spain, Germany and South Africa recently witnessed a fall in infections and deaths tolls.ĭr. With the major key corporate earnings season out of the way, global equities are following optimistic developments on the virus front.
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