our india business correspondent archana shukla has more. it was a lacklustre debut.count and closed over 6% lower against its issue price on day one, but this performance was kind of expected given the ipo book was largely oversubscribed by institutional investors, and retail investors had stayed away concerned with the expensive valuations and worried they would not be able to make gains on the listing. this is similarfate to previous large ipos like of life insurance corporation or payments company paytm. in fact, a bloomberg report says hyundai india's valuation was about five times its korean parents, although the valuation was in line with indian peers such as maruti suzuki. now, despite a muted show, the ipo is significant. it is the first time the korean car maker is listing outside its home country, and for india it's the largest public issue ever at $3.3 billion, and also shows how crucial india is for hyundai. it's the second largest car maker and seller here with a 15% market share. the listing has, in fact, come at a time when car sales have slowed down i

our india business correspondent archana shukla has more. it was a lacklustre debut. discount and closed over 6% lower against its issue price on day one, but this performance was kind of expected given the ipo book was largely oversubscribed by institutional investors, and retail investors had stayed away concerned with the expensive valuations and worried they would not be able to make gains on the listing. this is similarfate to previous large ipos like life insurance corporation or payments company paytm. in fact, a bloomberg report says hyundai india's valuation was about five times its korean parents, although the valuation was in line with indian peers such as maruti suzuki. now, despite a muted show, the ipo is significant. it is the first time the korean car maker is listing outside its home country, and for india it's the largest public issue ever at $3.3 billion, and also shows how crucial india is for hyundai. it's the second largest car maker and seller here with a 15% market share. the listing has, in fact, come at a time when car sales have slowed down

the bbc�*s india business correspondent archana shukla is live in mumbai with all the details.ld more than $8 million of stocks in barely two weeks ago made a rally in chinese stocks as well as escalating tensions in the middle east and that is why the foreign flows are moving out of india at the moment. on friday institutional investors became net sellers and why global brokerages believe in the long—term india story? in the indian stocks are relatively costlier and that is one big reason for the exit. how foreign investors move will be something the markets will this week as well, but apart from that, september inflation data will be released today and thatis data will be released today and that is expected to come in higher than the central bank target of 1t%, something the markets would want to watch because heavy rains have affected availability of crops, especially vegetables, and that has kept prices high, and the central bank is holding back on interest rate cuts until food inflation comes under check so that data would be crucial, but what is keeping indian markets rat