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Market move● Neutral for Indian equities
IPO boom, large-cap underperformance erode dominance of India’s top 500 companies
The brief
- IPO growth and weaker large-cap performance are reducing the BSE 500’s dominance
- Broadening participation may favour Indian small- and mid-cap stocks over large caps
- Augment India may sell 85 lakh Clean Max Enviro shares for ₹1,063 crore
- R R Kabel enters optical fibre cable segment with ₹77 crore U M Cables acquisition
- NSE chairman urges India to reconsider allowing exchanges to self-list
- Stock market today: BSE Sensex opens over 100 points up, NSE Nifty50 trades above 23,000
- NSE debuts on BSE with minor gains amid selloff