NSE, Jio IPOs unlikely to drain market liquidity; plenty of money waiting on the sidelines: Prateek Agarwal

Motilal Oswal AMC CEO Prateek Agarwal believes concerns that the upcoming NSE and Jio IPOs will drain market liquidity are overstated, noting that significant idle capital remains on the sidelines waiting for quality investment opportunities. He cautioned that large IPOs could temporarily create selling pressure in large-cap stocks as institutional money, particularly from large-cap funds, gets reallocated. Agarwal also highlighted that current valuations are attractive, with large-caps trading below long-term averages and mid-caps only slightly above their historical means.