Weddings, Coldplay’s India Tour Keep Hotel Stocks in Focus
Live Mint-- Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Brick-and-mortar bet: Vishal Mega IPO in spotlight Shares of Vishal Mega Mart are set to debut today, marking the last major IPO listing of the year in India. IPO boom eyes new glory in 2024 2024 is set to be a record-breaking year for IPOs in India, with funds raised via new listings expected to top the previous peak of $18 billion. IPOs have also proven to be significant wealth generators, with firms that listed over last the five years now accounting for a combined market value of $575 billion, representing over 10% of India’s total market capitalization, according to IIFL Securities. Coldplay’s tour, wedding rush to buoy hospitality sector After a soft first half of the fiscal year, the hotel industry is set for a strong showing in the traditionally strong December quarter, driven by an increase in corporate meetings, conferences and exhibitions.
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