Market turbulence impacts IPO plans as PhonePe delays listing
after close1 source ↓written by the desknot a recommendation
- $100 per barrel
- pulled
- ₹66,000 cr
- in Indian stock
- 9% decline
The ongoing conflict in West Asia is causing significant market turbulence, impacting IPO plans in India. PhonePe has deferred its public listing amid rising crude oil prices, which are now around $100 per barrel. This volatility has led to ₹66,000 cr pulled out by foreign investors since March 1, contributing to a 9% decline in Indian stock markets.
The geopolitical tensions are raising inflation concerns, prompting a bearish sentiment among investors and affecting fundraising strategies across sectors.
Not investment advice. For informational purposes only.