Adani IPO got over subscribed,..7 times.

Adani said it is building four power plants with a total capacity of 6600 megawatts (MW) and plans to develop two other plants with a combined installed capacity of 3300 MW. These power plants will be set up in Maharastra, Gujarat, Haryana and Rajasthan. The company is targeting to achieve 20,000 MW capacity by 2020 in the field of thermal, hydro, solar, gas and wind power.

This  is the beginning of the IPOs in the Indian Market, since the Financial Market melt down last year. India has a huge power shortage and many Indian companies are now looking at the opportunities post the Indo US nuclear deal to address this sector.

With the Chinese and Indian stock market picking up and showing optimism in the GDP growth,..the North American market is almost at a bottom and is all set to recover by this quarter. This week as US and China engages in more strategic discussion on their economic co-operation,..the markets would be looking at the outcome and be reading the statements of the Obama Administration and the Chinese team.

Hillary Clinton had a fantastic visit to India and Thailand and has stated that US is working with India in all areas and the Obama administration is keen to engage India in a way to build on Clinton and Bush policies with India.