India’s primary market is set for another busy week with five IPOs opening for subscription, including four mainboard issues and one SME listing. However, grey market signals suggest that investor enthusiasm remains muted, with most upcoming offerings showing little to no grey market premium (GMP) so far. The cautious sentiment comes after a weak run for recent IPO listings and broader volatility in equity markets.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equities extended losses as escalating US-Iran tensions pushed crude prices higher, dampening investor sentiment. Rising US bond yields and a stronger dollar have triggered