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Indian IPO fervor cools as volatility pinpoints fundamentals

New Delhi's annual share-sale target may be a stretch

A guard walks past the NSE (National Stock Exchange) building in Mumbai, India.   © Reuters

MUMBAI (NewsRise) -- Going by the tepid response to recent high-profile initial public offers, investors in India have become a lot more sensitive to valuations and growth prospects of companies as market volatility increases.

That could affect the number of issues in the pipeline, especially as the outlook for Indian stocks is also weakening, and limit New Delhi's ability to reach its revenue target from share sales.

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