Indian shares slip; investors await Jio IPO
Indian shares declined on Monday, with private banks leading the losses as investors digested earnings from key lenders, while elevated crude prices weighed on sentiment. Investors awaited the country’s largest-ever IPO by billionaire Mukesh Ambani’s Jio Plat...
Indian shares declined on Monday, with private banks leading the losses as investors digested earnings from key lenders, while elevated crude prices weighed on sentiment. Investors awaited the country’s largest-ever IPO by billionaire Mukesh Ambani’s Jio Platforms that opens for subscription on Wednesday. Private sector banks dropped 1.9%, with HDFC Bank and Axis Bank losing 2.3% and 4.2%, respectively, after missin...