Japanese GDP growth trigerred an early fall in Asian equities and India will be no exception when they open for trade Monday morning.
SKS Microfinance lists today
India's leading Microfinance company SKS Microfinance lists on bourses today. DStreet analysts predict that the SKS Microfinance’s shares will list above Rs 1100The company's IPO was a huge success as it was oversubscribed 13.69 times, as per data available with the National Stock Exchange. The issue has envinced interest in high profile investors like George Soros, venture capitalist Vinod Khosla and Infosys Technologies founder N R Narayana Murthy. Many FII's were reported to be queing to grab the stock from the open market as most of them returned empty handed due to higher subscription during the IPO
Macro concerns remain
While Indian economy continues to attract global investment community, we do have troubles in the form of global economic situation, currency fluctuations and another round rate hike in September.
While Nifty crossing 5500 levels is a real tough question to answer with majority taking the side of a trading band, midcap stocks will extend the bull run further. Realty is the latest sector that joined the bandwagon. Watch out for Mumbai based realty developers in today's trade along with Microfinance major SKS Micro