Punjab, Sept. 12 -- Indian markets are closed for the weekend. The week ahead is dominated by one event: the National Stock Exchange's own initial public offering opens on September 17.
The week's calendar
The NSE lot is 8 shares, putting the minimum retail application at Rs 14,280 at the upper band.
The backdrop it opens into
Not an easy one. Brent is above $100, the rupee is weaker than 95, the 10-year yield has firmed toward 6.98, and foreign investors have been net sellers. The index has been held up by domestic institutional flows rather than by conviction.
A large issue arriving in that environment is priced into caution. Whether that is a problem depends on what the issue is: an exchange's revenue comes from trading volume, and ...