Trends in Secondary Markets:
- The BSE Sensex was up by 2,353.06 points or 3.87% at 63,099.65 and NIFTY was up by 746.15 points or 4.20% at 18,758.35.
- FPI infused funds worth Rs 32,344 Crores in November. The rally was also driven by domestic players.
- Earnings growth in Q2 FY 23 was led by BFSI (banking, financial services & insurance), automobiles and telecom. Banks are doing well because of surging credit, rising interest rates and significantly reduced NPAs.
There were as 9 main board IPOs in November against 2 in October as markets stayed bullish. Main board IPOs includeInox Green Energy Services Ltd., Kaynes Technology India Ltd., Archean Chemical Industries Ltd., Five-Star Business Finance Ltd., Bikaji Foods International Ltd., Global Health Ltd., Fusion Micro Finance Ltd., and DCX Systems Ltd.
There were 2 SME IPOs in November as against twelve SME IPOs in October 2022.
RBI Bulletin (www.bulletin.rbi.org.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
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