India’s suspension of equities and currency trading reminded global investors of its frontier economy status, despite its growing equity market value and aspirations to be a market-friendly nation. The closure of the stock market for the inauguration of a Hindu temple on Monday, announced with short notice, disrupted trading and drew mixed reactions on social media. While some believe it will have minimal impact on India’s standing among investors, others express concern about the lack of communication and potential disruptions to algo trading.
IFCI shares fall 4% on reports of lower price band for NSE IPO
IFCI shares fell sharply on Wednesday after reports suggested NSE could price its IPO below earlier indications and reduce the stake offered. The proposed price