Indian shares struggle, may see liquidity crunch due to IPOs

Bajaj Finserv

20/11/2023 07:50

** NSE Nifty 50 index  .NSEI  down 0.2%, S&P BSE Sensex
 .BSESN  down 0.3% as of 1:01 p.m. IST
    ** Autos  .NIFTYAUTO  down 1%, fast moving consumer goods
 .NIFTYFMCG  down 0.5%
    ** Small-caps  .NIFSMCP100  and mid-caps  .NIFMDCP100  too
struggle, mostly unchanged 
    ** Mahindra & Mahindra  MAHM.NS  top loser on Nifty, down
2.4% after multiple block deals
    ** Bajaj Finance  BJFN.NS  and Bajaj Finserv  BJFS.NS  among
heavyweight losers in Nifty
    ** India to see subscription of five initial public
offerings this week totalling about 70 bln rupees ($840.90
million) -- Flair Writing Industries, Tata Technologies, Gandhar
Oil Refinery (India), Fedbank Financial Services, and Indian
Renewable Energy Development Agency
    ** Markets might see some tightness in liquidity due to
IPOs, Nifty facing hurdle around 19,800 - Prashanth Tapse,
Research Analyst, Mehta Equities
    



($1 = 83.2440 Indian rupees)

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))