In the US, flows have surged to an 18-month high, reaching $26.3 billion. Notably, there has been a significant influx of funds into US mid and small-cap investments, which had lagged in the recovery since October 2022, says Elara Capital.
There is a flurry of activity in January.
Indices are at record highs.
New Delhi: There is a flurry of activity in the IPO market as it soaks up liquidity in a hurry fearing a big sell-off in the stock market before or after the presentation of the Union Budget on February 1.
The Rs 4,600 crore IRFC IPO opened on January 18 and has been oversubscribed. The IPO of Indigo Paints will open on Wednesday to the tune of Rs 1,000 crore.
The rush for IPOs in January in the beginning of 2021 is being linked to the momentum in the market which is a follow through from 2020, which saw an unstoppable bull run in the stock market breaking all records.