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Market move▼ Bearish for Indian equities
Street signs: Slump in domestic flows adds to largecap woes, and more
The brief
- Active largecap funds saw outflows as Nifty 50 approached oversold territory
- IPO launches continued, but issue sizes were set to shrink
- Fund outflows and smaller IPOs point to softer domestic demand for Indian equities
- Bulls out of steam, it’s slow & steady on D-Street
- Rout in PB Fintech stock deals Rs 11,000 crore blow to mutual funds