Trends in Secondary Market:
- The momentum in equity markets continued to fall during February 2023, with Nifty and Sensex falling by respectively 17,303.95 and 58,962.12 mark. During February 2023, Nifty and Sensex fell by -2.03 per cent and -0.99 per cent respectively over previous month.
- While the FPIs sold about $3.54 billion of equities on a net basis in January 2023, they sold just about $639 million in February 2023.
- Two passive sectors getting inflows from FPIs on a net basis were IT and healthcare. IT saw net inflows of $128 million while the healthcare sector saw inflows of $113 million.
- Metals segment has seen aggressive selling of $319 million in February 2023 on account of weak metal prices and due to supply chain constraints leading to high input costs.
- The unprecedented slump in the stocks of Adani Group Companies was due to the release of Hindenburg Report, claiming irregularities.
Primary Market Update:
There were 0 main board IPOs in February, 2023 against 2 main board IPOs in January, 2023 as the markets turned to be bearish. There were 3 SME IPOs in February, 2023 as against 4 SME IPOs in January, 2023. The SME IPOs included of Transvoy Logistics India Limited, Earthstahl & Alloys Limited and Indong Tea Company Limited.
Funds Mobilization by Corporates (Rs. In Crore)
RBI Bulletin (www.bulletin.rbi.org.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
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