Share Market Prediction: A Bullish Year for the Indian Stock Market in 2023

Share Market Prediction: The Indian stock market is showing promise for the year 2023. This year has witnessed the creation of new records in the market, with both the BSE Sensex and NSE Nifty consistently reaching new highs. Simultaneously, the IPO market is witnessing remarkable growth. So far, over 100 companies may make their debut in the IPO market in 2023.

Market Performance in 2023

In the domestic stock market, while we’ve recently seen a minor correction, prior to that, there was an 11-day rally, setting new records. Nifty, for the first time in history, breached the 20,000-point mark in 2023. Both benchmark indices have shown approximately 9-9% growth since the beginning of the year.

Profitable IPOs

The strong market sentiment has been beneficial for new companies entering the market. In 2023, 72 companies have already launched IPOs, and impressively, 62 of these IPOs have been profitable for investors. These 62 stocks have performed better compared to their IPO issue prices.

Role of SME IPOs

A significant aspect of the IPO market in 2023 is the participation of small and medium-sized companies. Among the 72 IPOs this year, only 28 are listed on the BSE mainboard, while 44 are SME IPOs registered on the BSE SME platform.

Record-Setting September

The IPO market is likely to remain active in the coming months. In September alone, over 40 IPOs have been introduced, with 28 already entering the market and the rest expected to debut in the remaining days of the month. This marks a record for the highest number of IPOs in a single month. If this pace continues, the total number of IPOs in 2023 could surpass 100, setting a new record.

Fundraising Potential

Companies are coming to the IPO market to raise funds for various purposes, including business expansion and debt repayment. In 2023, it’s estimated that companies may collectively raise over 1 lakh crore rupees (approximately 13.5 billion USD) through IPOs. These IPOs present opportunities for both companies and investors to achieve their financial objectives.

The bullish sentiment in the Indian stock market and the active IPO market indicate positive growth prospects for the remainder of 2023. However, investors are advised to conduct thorough research and consider their investment goals before participating in these offerings.