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The selloff in October is in contrast to their activity in the rest of 2024. So far this month, foreigners have sold stocks worth 6,100 crore daily on average. They were buyers to the tune of 500 crore daily on average between January and September.
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News and Media
Outflows caused by Hyundai Motor routing funds to its parent in South Korea after the IPO also put pressure on the rupee, dealers said. The automaker is listing its stock in the biggest-ever IPO in the country - and the biggest initial share sale in the world in 2024.
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News and Media
As of Monday evening, the unofficial grey market premium (GMP) - the price over the IPO price in the unofficial market that investors pay for the shares before listing - of Hyundai bounced to 90, or 5% of the IPO price of 1,960. It had fallen to a discount of 30 on Friday.
Category:
News and Media
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