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Sebi plans to ease Foreign Portfolio Investors entry into India. The regulator will consider an automatic window for simplified registration. This move aims to boost ease of business amid ongoing equity exits. The automatic window will cover 70% of registered FPIs. Sebi will also review quota for domestic insurance firms in IPO anchor books.
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Indian stock market witnessed Nifty rebounding from 24,400, yet facing resistance near 25,000. Analysts suggest stock-specific strategies due to expected volatility. A breakout above 25,000 could propel Nifty towards 25,500, while support lies at 24,400. Metal and consumption stocks show promise, IT and financial stocks are currently under selling pressure.
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News and Media
LG Electronics is set to launch its Indian arm's IPO in October, aiming to raise 15,000 crore. The offering, approved by Sebi, involves selling 15% of the local unit. This move follows a postponement due to market volatility and seeks to capitalize on the current bullish primary market momentum, making it potentially the largest IPO of 2025.
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News and Media
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