Investors Focus on HDB Financial's $1.4 billion Listing as India's IPO Gauge Struggles
Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Local shares could extend gains, following peers in Asia and Wall Street. Traders will also be watching the government bond market as well as interest rate-sensitive sectors after the RBI's surprise move to drain about one trillion rupees ($11.6 billion) from the banking system. HDB Financial Services's IPO opens today.
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