Six companies launched share sales Wednesday, marking the most IPO openings on a single day in at least three decades, according to Bloomberg Markets. The surge comes as money markets price in over a 50% chance of a US Federal Reserve rate hike this month, keeping the dollar firm and pressuring emerging markets. Despite broader market struggles driven by Brent crude nearing $100 a barrel following US strikes on Iran’s key export hub, India’s IPO market remains active.

More than a dozen offerings are lined up this week, seeking a combined 72 billion rupees, indicating strong investor appetite for new listings even amid global uncertainty. Asian markets opened broadly higher, led by technology stocks, though Indian markets face a weak start due to a lack of AI-focused equities.

Rajesh Mascarenhas reports from Mumbai, where traders brace for another turbulent session as energy prices and Fed policy dominate sentiment.