Barrage of Stock Supply Is Latest Test for Indian Share Market
From the Left
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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.
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