The stock market rally has left investors gasping for breath. When the market is in an uncertain territory like this, opinion always gets sharply divided on whether the new levels are sustainable or not. With the secondary market in a quandary, the primary market may just be the one to show the way.
The reason being some large, and significant public issues like Reliance Power, Emaar MGF, Edelweiss and Wockhardt Hospital are ready to enter the market. If they get lapped up by investors without denting the secondary market, then the market may just get the vote of confidence they are looking. Among the lot, Reliance Power and Emaar are the two most important issues.
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Tuesday, October 9, 2007
Reliance Power, Emaar IPOs may drive next phase of rally
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