India Sees No IPOs in Three Weeks Amid Market Correction; US Funds Lose 20% Portfolio Value

India's primary stock market has not seen any initial public offerings (IPOs) in the past three weeks, attributed to a market correction and ongoing selloff. Global fund managers are hesitant to invest in Indian equities despite a significant decline in valuations following an unprecedented losing streak. Additionally, US funds have reportedly lost 20% of their portfolio value in India since September. The trend extends to unlisted stocks, which are experiencing moderate corrections amid the broader market downturn. The once-thriving sector of clean-energy IPOs in India is also witnessing a decline, as valuations for green stocks have plummeted.