This article was generated by AI and cites original sources.
Recently public tech companies found themselves in a difficult position as the market experienced a significant downturn on Monday. The Sensex and Nifty indices plummeted due to geopolitical tensions, weak global indicators, and a depreciating rupee. In this turbulent environment, most stocks faced declines, with only a few managing to avoid losses. Factors such as increasing oil prices and heightened foreign investor selling further exacerbated the situation, leading to the postponement of IPO plans for several firms.
Source: Tech-Economic Times