-- India’s unregulated gray market is indicating that the excitement around Hyundai Motor India Ltd.’s $3.3 billion initial public offering — poised to be the country’s biggest ever — is cooling.The Cablebus Transformed Commutes in Mexico City’s Populous Outskirts
“The initial euphoria is over,” said Gaurav Thakker, a Mumbai-based trader who trades in IPO shares. “Just ahead of the launch of the IPO, we had a war-like situation in the Middle East. Same time, automobile sales in India have been lackluster, which has impacted expectations for Hyundai’s listing gains.”
Still, most brokerages have recommended Hyundai Motor India’s shares. The company would benefit from its parent’s support and commitment for expansion in India, Aditya Birla Money Ltd. analyst Mihir Manek wrote in a note. Rachel Reeves promises to create a tax system that supports wealth creation and investment but warns decisions ahead will ‘not always be easy’Zoo authorities in Hong Kong are keeping close watch on a monkey that is behaving unusually a day after the ninth death this week of one of the animals, while hastening tests to find out what killed them.