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India has, in the past, been called the "next China" for possessing some of the same growth potential and investment opportunities. The truthfulness of this claim was supported recently when Chinese authorities began cracking down on its tech sector giants, prompting investors to look elsewhere for a more reliable home for their money. Coincidently, Indian tech companies are currently experiencing a boom, with Paytm (NSE: PAYTM) and Zomato (NSE: ZOMATO) going public in 2021 and producing some of the country's largest IPOs to date.

While opportunities can be found outside India's stock exchanges, I want to explore these regulated markets and upcoming IPOs in this article.

India's stock exchanges

India is home to eight stock markets with its listed companies worth a combined US $3.46 trillion. To put this into perspective, UK listed companies are worth a total of US $3.59 trillion, less than US $100 billion more than the former British colony. By 2024, Indian listed companies are projected to surpass the value of UK companies' value and hit approximately US $5.00 trillion.

Hosting these companies are the countries well-known exchanges, including the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), and the Multi-Commodity Exchange (MCX)

3 Indian IPOs to watch in 2022

Snapdeal IPO

Snapdeal is an Indian e-commerce platform catering to the country's growing middle class, similar to the US's Amazon.com (NASDAQ: AMZN) or China's Alibaba (HKG: 9988).

The Company is said to be ready to file preliminary documents signalling its intent to IPO next year at a valuation of approximately US $1.50 billion. Snapdeal is currently backed by Japan's Softbank (TYO: 9984) and China's Alibaba Group, which are expected to continue to hold significant stakes after the Company's IPO.

Data Patterns (India) IPO

Data Patterns has developed a vast array of electronic systems for the defence and aerospace sectors for the past 35 years.

The Company filed to IPO with regulators in September 2021, expecting to raise ₹700 crores, or US $100 million, to help it repay debt and aid expansion. The funds will assist Data Patterns to deliver on its order book, which has grown by 40.7% over the past four years.

Data Patterns is seeking a valuation of US $340 million when it goes public. However, no official date has been scheduled for its IPO.

MapMyIndia IPO

The digital mapping company, headquartered in Delhi, MapMyIndia, develops mapping technology used by some of the world's largest companies.

The Company has received approval (as of the last week of November) from the country's financial authority to go public. MapMyIndia is perhaps the highest-profile Company on this list, with business relationships with US tech giants Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN) and Uber Technologies (NYSE: UBER), among others.

MapMyIndia is seeking a valuation of US $825 million when it IPOs, which it could do before the end of the year. The Company has expressed that the funds will, in part, be used to lift its marketing, helping it compete with the likes of Google (NASDAQ: GOOGL) and Dutch-based TomTom (AMS: TOM2).

Wall Street Stays Flat

US stocks have not seen any major changes this week, staying uncharacteristically calm despite headlines such as the oil price crash. The Dow Jones gained 457 points on its Wednesday session, a jump of 2%. It is now trading at 23,400 points on the hourly chart. Likewise, the S&P 500 and NASDAQ indices saw similar gains, climbing 2.3% and 2,8%, respectively.

However, this is most likely as investors are also still awaiting news such as this week’s jobless claims data. Latest predictions expect around 4.2 million new unemployment claims to be filed, bringing the total up to 26 million claims in just 5 weeks.

Likewise, the US Senate just passed another bill to aid in the fight against the coronavirus in the State. After weeks of negotiations, the Senate passed a $500 billion bill in order to help small businesses, and it is expected to go to the House of Representatives later this week. This news did give some relief to the stock markets, as they now look to extend their gains for the second session in a row.

But there are reasons to continue being bearish about the stock market. Investors are vying for stocks to gain momentum again, with news such President Trump pushing state governors to ease their lockdowns and begin reopening their state borders again.
However, reopening so early, before the virus is under control, poses the risk of a wave of new infections flooding in. This poses the risk of causing more damage to the economy in the long term. Despite Trump’s eagerness to reopen the economy and start recovering the damage that virus has caused the stock market, the opposite could end up happening if he pulls the trigger too soon.

Our livestream is continuing to grow thanks to your support. We are live on our YouTube channel every day at 10.00 am GMT, and if you can’t make it then, you can always watch the recording, the latest of which is linked below.

Stocks Fall As Economic Damage Begins To Be Revealed

US stocks extended losses at the close of yesterday’s trading session as news came that US retail sales had dropped 8.7% from February to March, according to a report from the Commerce Department.

The Dow Jones, S&P 500, and NASDAQ fell 1.9%, 2.2% and 1.4%, respectively. The Dow is now currently trading at 23,400 points.

This news comes as no surprise, as the global lockdown has quickly stopped people from being able to go anywhere or spend any of their money. While grocery store sales were the only sector to see an increase, as expected, other sectors such as electronics, food service, and especially clothing and accessories stores all dropped.

This report release is one of the first indications of the economic impact that the coronavirus pandemic has caused in the US. The NFP release at the start of this month only covered the 8-14th of March, and although the figures released were in the negatives, did not fully reflect the scope of the virus’ impact. The first state to enter lockdown, California, only did so on the 20th March.

Stocks had been making a rebound in recent weeks, as investors were spurred on by optimistic comments made by US President Donald Trump, who said that he would announce guidelines to reopen the US economy on Thursday, claiming that the US had passes the peak of its coronavirus infections. Trump also suggested that some US states could end lockdown and open again by May 1st. However, these comments come just a day after Anthony Fauci, the leading scientist of the coronavirus task force, said that early May was too optimistic a date to reopen state borders.

All three of the major stock indices had managed to recover the catastrophic losses made since the virus properly first hit the States and threw the markets into chaos, causing unprecedented volatility and the Dow Jones to drop below 20,000 points and erasing all gains made since Trump’s inauguration.

However after peaking at 24,000 points in the previous trading session, the Dow has once again moved to the downside, following a barrage of new data yesterday that has shown just how bad the economy is at the moment.

Apart from the retail sales figures, the US Federal Reserve also reported that industrial production has fallen the most since the days of the Second World War. Also fuelling concern was the news of two banking giants in the US, Citigroup and Bank of America, dropping in share prices as well. Citigroup shares dropped 5.6%, while BoA’s fell by 6.5%. Following on from this, we can only continue to see such figures continue as data reports are released.

Watch our last YouTube livestream below, and catch us live at 10.00 am GMT every weekday, where we go over market news, technical analysis, and answer any questions you may have.