IPOs bleed so far this year; Investors in no mood to give in to bear phase

THE ECONOMIC TIMES Wed, Jan 27, 2016 | 04:17 PM IST ET Market Watch Newsletter

Newly-listed IPOs bleed most in January market meltdown InterGlobe last week lost 19% of its market value in a single day on concerns over increased competition, rising input cost and delay in aircraft delivery. At kissing distance of bear phase, but D-Street in no mood to give in While India has strong fundamentals, domestic market hasn't been cheap and earnings haven't bounced back. In case of further selloff, India won't be spared. Market ends flat; Sensex rises 6 points, Nifty50 holds above 7,430 The domestic equity market closed flat on Wednesday amid mixed cues from global markets. The benchmark BSE Sensex closed marginally higher at 24,492.39.

Interview One to One In a chat with ET Now, Dipen Sheth, HDFC Securities, says investors were sailing in Modi euphoria last year and nothi... Dipen Sheth ,Head of research,HDFC Securities

Market Watch 27 Jan | 04:17PM SENSEX 24492.39↑6.44 NIFTY 7437.75↑1.60 USD/INR 68.04↑0.20 GOLD (Rs/10g.) 26709.00↑322.00

Gainers Losers 27 Jan, 2016, 04:17PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Modi Naturals Ltd. 90.35 19.99 6430 90.35 79.10 Banaras Beads Ltd. 53.75 19.98 62269 53.75 49.80 Store One Retail India Ltd. 44.25 19.92 247390 44.25 43.00

FROM THE NEWSPAPER

20 stocks that Morgan Stanley says can protect your portfolio in volatile times Market outlook is bullish on a long-term basis and investors should be positioned in consumption plays and govt policy beneficiaries to draw maximum gains. Nearly 70% stocks trading below 200, 50-DMA on BSE500; top 10 stocks to bet on 344 stocks out of 500 in the S&P BSE 500 index are trading below their 200-DMA and 50-DMA. Moving averages are a barometer for trend determination. Most midcaps got hammered down to shape, but should you buy now? Midcaps have been the biggest losers in the recent equity selloff since the beginning of the year, as selling by domestic institutional investors intensified. Precision Camshafts IPO opens for subscription: Brokers' view The analyst community is mixed on the IPO. While some analysts find the price range for the issue unattractive, others believe it is attractively valued. Hudco tax-free bond issue subscribed 1.5 times within first hour of trade Data available on BSE website showed the issue has been subscribed by 1.55 times and has received bids for 77,46,133 bonds against 50,00,000 bonds offered for sale.

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