A nearly ₹58,000 crore wall of fresh stock supply has hit Indian equities in August, with promoters and private equity investors monetising stakes and the government’s offer for sale in Life Insurance Corporation of India (LIC) adding to concerns that a crowded issuance pipeline could begin testing market liquidity.
The supply has arrived just as the stock market attempts to recover from the March shock triggered by the Middle East war. The Nifty 500 is up for a third consecutive month in August, following a flat May and a 10.5% rally in April.
