New Delhi, Oct. 1 -- The Indian secondary market is nearing bottoming-out levels and could see positive momentum in the coming days, while a slowdown in IPO activity after the August-September rush may provide some support to the market, Astha Jain Shah, Senior Research Analyst at HEM Securities, said.

Speaking to ANI, Shah said the number of IPOs coming to the market could moderate in the coming months after the unusually high activity in August and September. She attributed the rush partly to regulatory requirements from October 1, under which companies would need to redraft or refile prospectuses with updated financials.

"Some sort of slowdown can be witnessed in the primary market activity in coming months. So that can be one of the...