Rs 2.5 lakh crore IPO boom in 2026 could create ‘liquidity drain’, says HDFC Securities; pegs Nifty at 28,720

January 17, 2026

The Indian equity market heads into 2026 facing an unusual paradox. On the one hand, optimism around growth, earnings recovery and policy support is building. On the other, a flood of new listings threatens to stretch liquidity and test investor appetite.…

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