The government's Offer for Sale (OFS) in NHPC Limited has opened for retail investors after receiving an overwhelming response from institutional buyers on the first day of bidding. The strong demand prompted the government to exercise the entire green shoe option, doubling the stake sale from 3 percent to 6 percent.
Retail investors should avoid becoming fully allocated to equities at any stage of the market cycle and instead maintain disciplined and diversified exposure, according to First Global Founder and Managing Director Devina Mehra.
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