India’s key equity indices are likely to gain as much as 15 per cent in 2020 as investors bet on revival measures in the February budget and a recovery in the economy to bolster sentiment.
The year is also likely to mark a shift in focus to broader market as investors become less risk-averse to mid- and smallcap stocks with a gradual recovery in the economy. The Sensex ended little changed at 41,642.66 points and the Nifty at 12,262.75 on Monday.
An ET poll of 26 fund managers and heads ..
JD.Com’s logistics unit taps banks for potential $8-$10 billion IPO: Sources
JD Logistics is targeting a valuation of at least $30 billion, according to the people, who declined to be named as the information is confidential.
The unit is expected to select banks for the initial public offering (IPO) in the second quarter of next year and will use the funds for warehouse expansion and potential acquisition purposes, one person said.
The float could take place in the second half of 2020, the people said.
The listing could happen in Hong Kong or New York, although a timetable and venue have not been finalised and the numbers are subject to changes, the people said.