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Perspectives

Perspectives - November 2016

Indian equities had a negative in November 2016 with Nifty 50 closing -4.65% lower than the previous month due to demonetization drive of high value notes by the government. November 2016 saw a continued momentum with 10 deals amounting to -US$1 bn.In the primary market, PNB Housing IPO(-$450mn) and Varun Beverages (-$166mn) were notable. On secondary market, Government's ~1.5% stake sale in L&T (~$314mn) was notable.



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Apr 27, 2017