Market roundup: IRFC OFS opens, Bharti Airtel growth
Indian equity markets are set for a positive start, driven by the IRFC OFS opening at ₹91 per share and strong institutional interest. Bharti Airtel's credit rating upgrade to 'BBB+' and Adani Power's capital expansion plans are also in focus.
after close1 source ↓written by the desknot a recommendation
- divesting
- 2% at ₹91 per share
- on day one
- 18.74 crore shares
Indian equity markets are poised for a positive start, buoyed by gains in Asian markets and a steady GIFT Nifty outlook. The IRFC Offer for Sale has opened, with the government divesting up to 2% at ₹91 per share. Institutional interest is strong, with bids exceeding 18.74 crore shares on day one.
Bharti Airtel is in focus following an upgrade to 'BBB+' by S&P Global Ratings, reflecting robust growth in India and Africa. Meanwhile, Adani Power is planning significant capital expenditures to enhance capacity, attracting investor attention.
Not investment advice. For informational purposes only.