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Indian shares slip on elevated crude, Ambani's Jio IPO sees strong demand
Indian shares fell on Wednesday as higher crude oil prices kept investors wary, while the IPO of billionaire Mukesh Ambani’s Jio Platforms was fully subscribed within hours of launch. The benchmark Nifty 50 fell 0.34% to 22,811.35, and the Sensex lost 0.19% to 73,709.69. They had risen about 1% in early trading. Jio Platforms’ $3.2 billion IPO was fully subscribed within two hours of public bidding opening, as investors flocked to India’s largest share sale and the first from Ambani’s Reliance in two decades. “The tremendous response to the IPO comes on the back of strong pedigree of Reliance ...
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