Sensex, Nifty opened higher on Monday amid positive global cues. This week, India will release its gross domestic product (GDP) data for the quarter ended June along with purchasing managers’ indices (PMI) for August. While the GDP data will exhibit the economic performance of the country, PMI will indicate the recovery progress of Indian businesses’.
Besides, investors will keep a watch on China’s manufacturing activity data.
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Goldman Sachs, JPMorgan also hired for LIC IPO
Goldman Sachs, JPMorgan Chase and ICICI Securities were among banks picked to work on Life Insurance Corp. of India’s initial public offering, Bloomberg reported.
Other banks chosen to work on the sale include Kotak Mahindra Capital., JM Financial, Citigroup Inc. and Nomura Holdings Inc.
According to Bloomberg, for India’s biggest listing, banks will start engaging with investors from September. A potential listing is expected between January and March next year.
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