Indian IPOs May Hit Record $5 Billion in October Even as Listed Equities Wobble

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. Indian stocks look poised for a steady start, with the feel-good mood from last week’s monetary policy boost still in the air. A positive run across Asian markets should also help lift sentiment. That said, the benchmark Nifty index has found it tricky to hold above the key 25,000 mark, which might make traders a bit cautious about chasing prices higher. Meanwhile, the IPO buzz continues, with Tata Capital gearing up to open bids for an offering that could raise as much as 155 billion rupees ($1.7 billion) — possibly India’s biggest listing of the year.