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This surge in draft filings signals a strong pipeline of upcoming IPOs, even amid prevailing market uncertainties. So far, 52 companies have secured Sebi approval for their public issues, while a total of 65 firms have submitted draft IPO papers to the market regulator.
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Gold is currently trading at 90,966 per 10 gm in the physical market, up by 1,802 per 10 gm from Friday, when India's bullion market was last open. The market was closed on Monday due to Eid.
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The sell-off underscored investors' uncertainty over the economic impact of the tariffs, while the absence of follow-up foreign buying after the gush of flows last week poured cold water on expectations that the worst may be over for the market.
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