in falling market all depends on price band , promoter have to lower price band as they presumed before even than it is difficult for them to get good subscription,blue chip shares are available dirt cheap.all depends on last day play,
DEAR IPO INVESTORS. BEWARE OF SORT SELLERs IN THE SPECULATION MARKET TILL SEBI BAN ON SORT SELLING FOR NEWLY LISTING FIRM ON LISTING DAY TO PROTECT INVESTORS MONEY. WHEN THE IPO INVESTORS SELLS HEAVILY THE SORT SELLERS TAKE IT AS ADVANTAGE AND SELL HEAVILY AND BUY AT LOW PRICE IN INTRADAY trading .
NEW YORK: The S&P 500 and Dow both fell more than 3 per cent on Thursday, with investors worried about the outlook for the US economy and the debt crisis in Europe.
The Dow Jones industrial average was down 351.48 points, or 2.95 per cent, at 11,544.96, after briefly falling 3 per cent. The Standard & Poor's 500 Index was down 42.05 points, or 3.34 per cent, at 1,218.29. The Nasdaq Composite Index was down 94.45 points, or 3.51 per cent, at 2,598.62.
"The (economic) numbers are not coming in favorably. They haven't been, and this is a reaction to all of that. We're in a major correction..." said Joseph Cangemi, managing director at BNY ConvergEx Group in New York.
The day's drop follows a string of declines for the market as investors worried about the outcome of talks to cut budget deficits in Washington, increasing evidence of US economic weakness and a spreading debt crisis in Europe.