Stock market is crashing, but IPOs are seeing billions of dollars of investment. What’s happening?
Even as Sensex continues to bleed, Dalal Street’s IPOs are seeing strong investor interest. There seems to be no end in sight for the stock market crash. Investors, especially foreign, are exiting Indian equities with record outflows continuing. Sensex is down almost 16% from its lifetime intraday high, and hasn’t hit a fresh closing high…