Economic TimesLean R·
Retail investors pull Rs 5,674 crore from stocks, invest Rs 12,618 crore into IPOs in July-August
Indian retail investors sold equities in July and August. They then invested heavily in primary market IPOs during this period. This shift occurred after significant buying in the previous quarter. Analysts suggest this is a tactical allocation change for profit booking. Strong IPO activity and listing gains are attracting this capital.
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