India's Travel Food Services rises 2% in trading debut

Indian airport restaurant and lounge operator Travel Food Services TTRAVELFOOD rose 2% in pre-open debut trade on Monday, amid a muted market this month due to the overhang of a trade deal with the United States.

The initial public offering is India's ninth-largest this year. The stock opened at 1,125 rupees on the National Stock Exchange, compared with its offer price of 1,100 rupees.