(Bloomberg) -- India's red-hot IPO market doesn't bode well for the nation's record-beating rally. The NSE Nifty 50 Index has slid an average 10 percent to 12 percent in the one to three months after every share sale exceeding 55 billion rupees ($850 million) since 2000, said Ninad Tamhanekar, an analyst at IndiaNivesh Securities Ltd. New India Assurance Co. topped that mark last week, at least the fourth such offering from an insurer that's tapped markets since September, prompting IndiaNivesh to ask in a recent note if history would be repeated.
To contact the reporter on this story: Santanu Chakraborty in Mumbai at schakrabor11@bloomberg.net.
To contact the editors responsible for this story: Vivek Shankar at vshankar3@bloomberg.net, Ravil Shirodkar
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