The Indian IPO market experienced a robust week, with five IPOs collectively receiving bids exceeding ₹1.85 lakh crore. HDB Financial’s IPO stood out, attracting significant institutional interest and becoming the largest NBFC public issue since Zomato. Improved market sentiment fuels this IPO surge, with numerous companies preparing to enter the primary market, anticipating favorable subscriptions and listing gains.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The