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This is an archive article published on November 22, 2010

PSUs success boosts investor confidence

With increasing volatility,investors are shifting money from secondary to primary market.

With increasing volatility at the Dalal Street,investors are now shifting their money from the secondary market to the primary market to get assured returns,say analysts.

“The recent IPOs have got amazing response from the retail investors,which clearly indicates their confidence in the primary market,” Geojit BNP Paribas Financial Services Research Head Alex Mathews said.

Besides,Mathews noted,performance of Coal India was like an icing on the cake that marked the comeback of investors’ interest in the offers by the state-run firms.

Stock markets,which are facing the heat of political uncertainty over the 2G spectrum scam,have come under pressure as investors are pulling out their money to invest in the primary market.

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