Rs 2.5 lakh crore IPO boom in 2026 could create ‘liquidity drain’, says HDFC Securities; pegs Nifty at 28,720
The Indian equity market heads into 2026 facing an unusual paradox. On the one hand, optimism around growth, earnings recovery and policy support is building. On the other, a flood of new listings threatens to stretch liquidity and test investor appetite. According to HDFC Securities, the coming year could well be defined by how markets…