Lenskart Solutions' $821 Million IPO Fuels Investors Buzz in India’s Booming Market

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. Gains in Asian stocks and Nifty futures point to a firm start for the local market Friday, even as sentiment turned cautious in the previous session following a slightly less dovish US Fed tone. Despite the pause, the Nifty 50 gauge is still up 5.2% so far in October — poised to cap its best month since March — aided by the return of foreign investors after three straight months of outflows. Investor focus will also be on Lenskart Solutions Ltd., which opens its 72.8 billion rupees ($821 million) IPO today, keeping up the buzz in India’s booming primary market.