Copyright financialpost
Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Indian stocks look poised for another positive start after two days of gains, buoyed by upbeat global cues as the US government shutdown nears an end. Locally, all eyes are on the trading debut of Billionbrains Garage Ventures Ltd., the parent of India’s largest online broker, Groww. The listing is the latest test of investor appetite following Lenskart’s muted debut earlier this week. Traders also have one eye on politics, with exit polls showing Prime Minister Modi’s alliance leading in Bihar state elections. A potential win would boost Modi’s authority, though such polls are known to surprise. On the data front, a report due today may show retail inflation eased further on softer food prices, fueling hopes of RBI policy support.
