Oil prices crashed by more than 1% on Thursday after analysts warned of an economic slowdown in 2019. International Brent crude futures were down 51 cents, or 0.9 percent, at $54.40 per barrel. Stock and currency markets remained extremely volatile after the US Dollar crashed more than 3% against the Japanese Yen and US tech giant Apple cut its sales forecast. The slowdown in China and turmoil in stock and currency markets is making investors nervous, including in oil markets.
Indian stock exchanges ranked second globally, behind the US, in terms of number of initial public offerings (IPOs). Indian corporates raised $5.52 billion from 161 offerings on domestic bourses till November 2018, according to a report by EY India. The EY India IPO Trends: Q4 2018 report noted that while the Industrial sector (construction and engineering) was the most active in terms of number of IPOs, the financial services sector topped the list in terms of issue proceeds. Companies at the US bourses raised $60 billion through 261 IPOs in 2018.