Hyundai shares close over 5% lower after India's largest IPO

Hyundai Motor India's shares ended 5.7% lower on Sensex and 4.6% lower on Nifty in their market debut on Tuesday. The shares had listed at roughly a 1.5% discount after the company's ₹27,870-crore IPO, India's largest ever, saw a muted response amid weak market sentiment and an auto industry slowdown. The company's market capitalisation currently stands at ₹1.47 lakh crore.