First-day gains are getting bigger as investors pile into newly listed Indian shares. The benchmark Nifty 50 has now fallen for a fourth straight week, its longest losing run in five months. But even amid the gloom, investors who bet on IPOs last month ended up pocketing some of the biggest gains on new listings.

With the escalating US-Iran conflict driving crude prices higher, traders are ramping up bets on a Federal Reserve interest-rate hike this month, keeping bond yields near multi-year highs. After stronger-than-expected US jobs data, the focus will now be on inflation figures this week ahead of the Fed’s Sept. 15-16 meeting. The RBI will also be in focus on Monday as it seeks to absorb some of the excess cash in the banking system with a 7 trillion-rupee ($74.1 billion) 30-day reverse repo auction.

The move comes after its push to attract dollars from overseas residents netted a record-breaking $127 billion. GQG’s Adani sale exposes risk in rebalance trade: GQG Partners’ surprise sale of Adani Energy Solutions shares overwhelmed demand from passive funds buying for the MSCI Inc. index rebalancing, sending the stock lower. Birla Group brings paints playbook to cables: Shares fell Friday after the conglomerate launched Ultravolt with an 18 billion-rupee ($190 million) investment.

NSE IPO buzz lifting stakeholder shares: New India Assurance rallied almost 18% on Friday to its highest in nearly two years, while IFCI closed at its highest price since December 2007.