Hero Motor IPO | NSE listing | Flash PMI | GDP Prediction | IPS Finance - 613Hero Motor IPO | NSE listing | Flash PMI | GDP Prediction | IPS Finance - 613

Description

The Nifty 50 is facing a crucial phase around the 23,700 level, with investors closely watching global cues, crude oil prices, sectoral moves and upcoming economic data for signs of the market’s next direction. Meanwhile, Hero Motors is making its market debut today after its ₹1,000-crore IPO received strong demand during the subscription period. The issue was subscribed multiple times, with the stock scheduled to list on both NSE and BSE on September 23. The spotlight then shifts to the much-awaited NSE IPO listing on September 24. NSE’s ₹22,569-crore IPO was subscribed 5.71 times, while only around 5.48% of the pre-offer capital is expected to be freely tradeable at listing. Alongside the IPO action, investors will also track the upcoming Flash PMI data and GDP expectations for clues about economic growth and market sentiment. In this episode of IPS Finance, we decode the Nifty’s 23,700 level, Hero Motors’ IPO listing, NSE’s mega listing, Flash PMI and the latest GDP expectations shaping the Indian market.