Investors Focus on HDB Financial’s $1.4 billion Listing as India's IPO Gauge Struggles

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Local shares could extend gains, following peers in Asia and Wall Street. Traders will also be watching the government bond market as well as interest rate-sensitive sectors after the RBI’s surprise move to drain about one trillion rupees ($11.6 billion) from the banking system. HDB Financial Services’s IPO opens today.