February 10, 2025 05:44 GMT
INDIA: Country Wrap: Indian Stock Market to face further Pressure.
INDIA
- India Braces for $4 Billion of Expiring IPO Lockups as Sale restrictions on about $4 billion of newly listed Indian shares are set to expire on Monday, adding pressure to a stock market that has already erased $1 trillion in value since mid December. (source: BBG)
- Energy booster from US on menu in runup to PM Modi's visit. Ahead of Prime Minister Narendra Modi’s meeting this week with US President Donald Trump, India is weighing how much more energy it can import from that country. (source: India Economic Times)
- Following last week’s modest rise of +0.33%, India’s NIFTY 50 is off -0.75% in early trading Monday.
- INR: another weak start for the rupee, following regional peers, down by -0.09% at 87.51.
- Bonds: following the RBI cut last week, yields moved higher on realization that it was a hawkish cut. India’s 10YR opening the week at 6.71%
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