India's markets regulator has put JSW Cement's recently filed $477 million initial public offering on hold, an update on the regulator's website showed on Monday. The Securities and Exchange Board of India did not give a reason for the decision,

The SEBI study found a strong disposition effect, with investors showing a greater propensity to sell IPO shares that posted positive listing gains, compared to those that listed at a loss.

A majority of investors who get an allotment for shares in an initial public offering (IPO) sell their shares within a week, while 70 per cent of shares are sold within a year. A study conducted by market regulator Securities and Exchange Board of India (Sebi) on 144 IPOs listed between April 2021 and December 2023 shows that most individuals applying for IPOs look to sell shares for quick gains.

India's manufacturing activity growth eased to a three-month low in August as demand softened significantly, a private-sector survey showed on Monday, casting another shadow over the otherwise robust economic outlook.

Manufacturing activity in India stood at 57.5 in August, which is below July’s reading of 58.1, but above the long-run average of 54.