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Significant correction in stocks presents buying opportunities as Nifty index drops 8% from its high. Emkay Global suggests IndusInd Bank, Saregama, Escorts Kubota, Hero MotoCorp, and Mahindra Finance as attractive investments, highlighting their potential for recovery and growth over the next year.
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Big investors such as Norges and Fidelity have placed over $15 billion in bids for Swiggy's upcoming India IPO valued at $1.35 billion. This IPO is set to be one of the country's biggest stock offerings this year. The company has adjusted its estimated valuation to $11.3 billion after a recent market correction.
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The Resolution Foundation says families are also set for a further squeeze on living standards.
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News and Media
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