Indian Equity Markets Showing Echoes of 90s Situation When Market Crashed, 90% Companies Going Public Sank

Indian equity markets are raising concerns as ICICI Prudential Mutual Fund’s CIO, S Naren, compares the current situation to the mid-90s. The final years of the 90s saw a major crash in the market with over 90% of companies going public drowning. IPO valuations were stretched, and now retail investors are the main investors in corporate India. It is advised to be cautious with large investments as the market is deemed risky by experts like S Naren. The Indian markets are reminiscent of the mid-90s, which later took a downfall with major losses.