Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.
Global funds have pumped in over Rs 38,000 crore (about $5.5 billion) into domestic equities since February 20, helping the Sensex rebound 2,671 points, or 7.6 per cent, from its 2019 low.
The mid- and small-cap indices had a dream run between January 2017 and January 2018 - zooming 48 per cent and 56 per cent, respectively.
While the fresh issue portion of IPOs has been going down over the years, this financial year has been abysmally low at only Rs 2,663 crore, 82 per cent lower compared to the last financial year.
The weakness in the rupee and broader markets has led to evaporation in the market cap.
Five to six issues may hit the market if Chalet Hotels's IPO is successful and if there are no negative surprises in the Union Budget on February 1.
'IPOs not clicking is cause for worry,' says Sebi chairman.
Automobile company Tata Motors, metals and mining major Vedanta, oil marketing firm Bharat Petroleum Corporation (BPCL), private sector IndusInd Bank, and two-wheeler major Bajaj Auto have witnessed their market cap slip below the Rs 1-trillion mark this year.
So far, nine companies have raised Rs 17,860 crore - nearly three times of last year's tally - by way of rights issues.
After a sharp sell-off in the past two months, overseas investors were once again seen turning bullish on Indian equities. FIIs bought shares worth Rs 63.5 billion in the past five sessions, their highest weekly investment tally in many months.
With Karnataka election results out of the way and as several key states, including Madhya Pradesh and Rajasthan, prepare for assembly polls later this year ahead of the 2019 general election, Shankar Sharma, vice-chairman and joint managing director, First Global, advises investors to ignore all the noise around the elections.
'We will have to get together internally and figure how this will happen.' 'Suffice to say, it is feasible and will be done in a logical way.'
After his previous visit, the Sensex crashed and it took four painful years to top the 21,000 mark.
In the past two years, investors in gold have lost money.
Higher growth, reform bets have boosted returns but leave limited room for error.
Price correction over post-election peaks could throw disinvestment calculations awry.
Sources said many individual investors were interested in applying for the NFO, due to additional benefits being offered such as upfront discounts and loyalty bonuses.
Sebi has pushed for better corporate governance of listed companies through measures such as the need for a succession policy
The stock market watchdog had said any adverse findings by other regulators might have a bearing on the exchange.
Promoters and top executives intending to buy or sell shares of their companies might soon have to inform the market well in advance for such transactions.
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