Indian Investors Eye UK Trade Talks During Starmer Visit

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 may find it hard to pick a clear direction today, mirroring the cautious tone across major Asian markets. That wariness isn’t seen in the bullion market — where the spot gold price topped $4,000/oz for the first time — or in the local primary market, where investors are eagerly snapping up new listings. LG Electronics India’s $1.3 billion IPO was fully subscribed on the first day itself. Meanwhile, UK Prime Minister Keir Starmer kicks off a two-day visit to India, with markets watching talks under the recently signed free-trade agreement that aims to double bilateral trade over the next five years.