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India IPO Hopefuls Race to Beat August Deadline for Audited Results

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India’s IPO Hopefuls Are Racing to Beat an August Deadline Good morning... I’m Rajesh Mascarenhas with your daily dose of news and analysis from Mumbai. Oil prices have fallen further on Tuesday as US President Donald Trump said the US and Iran were engaged in talks to end the Middle East conflict.

India’s IPO Hopefuls Are Racing to Beat an August Deadline Good morning... I’m Rajesh Mascarenhas with your daily dose of news and analysis from Mumbai. Oil prices have fallen further on Tuesday as US President Donald Trump said the US and Iran were engaged in talks to end the Middle East conflict. That, along with an early selloff in tech-heavy markets of South Korea and Japan, could see Indian stocks perform better today. The Nifty 50 snapped a five-day losing streak on Monday, while the rupee posted its biggest gain in over a month. That said, investors are likely to stay cautious ahead of the Federal Reserve’s meeting later in the week. Citadel Securities expects the Fed to raise interest rates — a surprise move that would strengthen Chairman Kevin Warsh’s credibility in the battle with inflation. In today’s newsletter, we cover:
India IPO Hopefuls Race to Beat (ORG) India (LOCATION) IPO Hopefuls Are Racing to Beat (ORG) Rajesh Mascarenhas (PERSON) Mumbai (LOCATION) US (LOCATION) Donald Trump (PERSON) Iran (LOCATION) the Middle East (LOCATION) South Korea (LOCATION) Japan (LOCATION) Indian (ORG) Nifty (LOCATION) the Federal Reserve’s (ORG) Citadel Securities (ORG)
Originally published by Bloomberg Markets Read original →