Market recovery: There may be recovery in the market tomorrow, IPO refund will bring huge amount in the market! – market recovery ipo refund will bring a huge amount of money into the market the market may recover tomorrow
Market news : There may be recovery in the market tomorrow. In fact, unblocking and refund of Rs 2.35 lakh crore blocked in the 4 big IPOs that came last week has started. This money can come into the market. In last week’s IPO, QIB subscription was filled at Rs 85.11 in Vishal Mega Mart. At the same time, the QIB share in Inventurus was filled 80.64 times. Mobikwik’s QIB share was filled 125.82 times and SAI Life’s QIB share was filled 29.78 times. Talking about the amount stuck in IPO QIB quota, a total of Rs 2.35 lakh crore is stuck in it.
Money stuck in IPO QIB quota
Talking about the amount stuck in IPO QIB quota, Rs 1,36,177 crore is stuck in Vishal Mega. Whereas, 60,224 are stuck in Inventurus. Rs 21,590 crore is stuck in MobiKwik and Rs 18,124 crore is stuck in SAI Life.
Experts views: If Nifty breaks the level of 24300, the fall may increase to 24000, wait for the market direction to become clear.
Big money can come in the market
With the start of unblocking and refund of Rs 2.35 lakh crore blocked in 4 big IPOs, a huge amount of money can come into the market. The market is keeping an eye on QIB fund unblocking. The process of ASBA unblocking, refund has started from today. Market experts say that after the arrival of the stuck amount, MF can support the market.
How was the market today?
There was profit booking in the market today on the second day of the trading week. Sensex-Nifty closed down by more than 1 percent. Midcap and smallcap stocks also showed pressure in today’s market. There was selling in metal, oil-gas and energy shares. PSE, auto and banking stocks also declined. Sensex fell 1064 points and closed at 80,684. Nifty fell 332 points and closed at 24,336. Nifty Bank fell 747 points and closed at 52,835. Midcap fell 341 points to close at 59,102.
29 out of 30 Sensex stocks declined. A decline was seen in 49 out of 50 stocks of Nifty. All 12 shares of Nifty Bank declined. The rupee closed at a record low of 84.90 against the dollar.