Jefferies and UBS rate HDFC Bank as Buy. Jefferies also buys M&M Finance; Citi is neutral on M&M. UBS reiterates Buy on HDFC Bank. Citi rates Avenue Supermarts neutral; Morgan Stanley sees it overweight, with sell ratings from both firms.
India’s IPO market is set to revive with two mainboard issues, CMR Green Technologies and Hexagon Nutrition, opening this week after a lull. Together aiming
Equity markets saw broad-based selling pressure after weak monsoon forecasts raised concerns over food inflation, though falling crude oil prices and easing bond yields helped
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