Since May 17, when the stock was first listed, there have been only four sessions in which the stock has closed with a gain, according to data. It has been crumbling under selling pressure for the past few days. The majority of analysts are neutral on the stock and don't anticipate much upside.
Bond dealers are concerned that increased oil prices may exacerbate India's already high inflation and force the central bank to raise interest rates more aggressively.
Meeting of the Reserve Bank of India's Monetary Policy Committee: This time, a rate hike is expected; the size of the increase will be determined later. But how will this affect markets, and how much can banks pass on?