The set of QIPs which raised money from the market had done it at close to the bottom valuations. “At these valuations investors were interested. However, it remains to be seen if investor appetite remains at levels which are significantly higher than the levels at which bulk of the fund raising happened in the recent past. Clearly, from what we understand, some of the QIPs have had to withdraw from the market,” Agrawal said.

QIP sucks out liquidity, Sensex falls 292 points

MUMBAI: A host of mega QIP issues and concern over the slowdown in infrastructure growth pulled the market down by two per cent on Tuesday. Analysts said the plans of fund raising by corporates through qualified institutional placement (QIP) induced fears that such share sales will suck liquidity out of the market. The Sensex fell 291.90 points to 14,493.84 points. The 50-share NSE Nifty Index closed 2.27 per cent lower at 4,291.10 points.

49.3% quarterly gain

Mumbai: The 30-share BSE Sensex jumped 49.3 per cent in the three months ended June 30, behind only Vietnam in Asia that rose around 60 per cent in the quarter. It was the biggest rise for the benchmark since it soared 124.5 per cent in the March quarter of 1992 when Manmohan Singh kicked off reforms to open up the economy.