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A surge in share supply from initial public offerings and sales to institutions is adding pressure on Indian equities, which are already grappling with weak earnings and selling by overseas investors. Hyundai Motor India Ltd. raised $3.3 billion in the nation’s largest IPO on Thursday, and further listings worth $6 billion have been approved by the regulator, according to data from primedatabase.com. This supply overhang coincides with slowing corporate earnings and withdrawals of over $7 billion this month by global funds. While aggressive p ...
Prev. Close : 882.65, Open : 880.00, High : 894.65, Low : 878.05, Close* : 889.20, VWAP : 888.32
Dalal Street Journal India's #1 equity research and capital investment Magazine also provides Indian stock market news, share/stock market trading tips and more.
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Prev. Close : 50.22, Open : 50.30, High : 51.69, Low : 49.72, Close* : 51.08, VWAP : 50.85
Prev. Close : 274.25, Open : 273.05, High : 280.20, Low : 271.00, Close* : 278.25, VWAP : 277.32