 "Sundar Sethuraman")
Sundar Sethuraman
Sundar Sethuraman
Sundar Sethuraman covers equity markets and investment banking. Starting his career as a desk hand, he moved to a reporting role in 2016 and has worked in New Delhi, Mohali and Mumbai. He stumbled into journalism after wasting his prime in the bylanes of Trivandrum. He manages an Instagram page about his home town in memory of his flaneur days. He prefers political news over spectator sports and peppers his conversations with film references, and has read more blurbs than books. A keen explorer of Mumbai's food scene, he is the go-to resource for restaurant recommendations in Business Standard's Mumbai office.
Sundar Sethuraman covers equity markets and investment banking. Starting his career as a desk hand, he moved to a reporting role in 2016 and has worked in New Delhi, Mohali and Mumbai. He stumbled into journalism after wasting his prime in the bylanes of Trivandrum. He manages an Instagram page about his home town in memory of his flaneur days. He prefers political news over spectator sports and peppers his conversations with film references, and has read more blurbs than books. A keen explorer of Mumbai's food scene, he is the go-to resource for restaurant recommendations in Business Standard's Mumbai office.
Sundar Sethuraman
SBI Funds Management ends debut session at 6.3% premium to issue price
India's largest asset manager by QAAUM ended its market debut at a modest premium, below market expectations, after its Rs 9,813 crore IPO was subscribed 41.6 times
 "SBI Funds Management ends debut session at 6.3% premium to issue price")
Street signs: WTM slot opens, street hopeful of SMC & fund manager effect
DEA begins the search for IFSCA's first whole-time member as markets await the Securities Markets Code Bill and track fresh bets by marquee fund managers
 "Street signs: WTM slot opens, street hopeful of SMC & fund manager effect")
Markets log best day in over a month on Reliance, HDFC Bank gains
Total market capitalisation of BSE-listed firms rises to ₹481 trillion, up by ₹37,000 crore
 "Markets log best day in over a month on Reliance, HDFC Bank gains")
Oil price surge derails FPI return to Indian equities amid West Asia crisis
Foreign investors have turned net sellers after an eight-session buying streak as rising crude prices and renewed West Asia tensions weigh on sentiment and outlook
 "Oil price surge derails FPI return to Indian equities amid West Asia crisis")
Biocon shares gain 6.5% after Viatris sells its stake in a block deal
Biocon shares climbed 6.5 per cent after reports of Viatris unit Mylan's planned stake sale, with analysts saying the move is a financial decision that removes a long-standing overhang
 "Biocon shares gain 6.5% after Viatris sells its stake in a block deal")
SBI Funds Management raises ₹2,663 cr from anchor investors ahead of IPO
SBI Funds Management raised ₹2,663 crore from anchor investors ahead of its Rs 9,813 crore IPO, which opens on 14 July at a price band of ₹545-574 per share
 "SBI Funds Management raises ₹2,663 cr from anchor investors ahead of IPO")
Street signs: Healthy GMP for SBI Funds Management ahead of IPO
SBI Funds Management's IPO debuts with a 17% GMP as ethical investing gains traction and SAT reinforces insider trading norms in key market developments
10 companies enter ₹1 trillion club in 2026; six exit, shows data
Ten companies joined India's ₹1-trillion market-cap club in 2026, while six exited, as the milestone expanded to 114 firms across 42 sectors
 "10 companies enter ₹1 trillion club in 2026; six exit, shows data")
Benchmark indices snap weekly winning streak as oil jitters weigh on mkts
Sensex and Nifty ended the week with marginal losses, snapping a four-week winning streak despite Friday's sharp rebound led by Reliance Industries and IT stocks
 "Benchmark indices snap weekly winning streak as oil jitters weigh on mkts")
State Bank of India set to sell 1.42 % stake in AMC arm in pre-IPO round
The State Bank of India will sell a 1.42 per cent stake in SBI Funds Management for ₹1,655 crore through a pre-IPO placement ahead of the AMC's ₹11,693 crore IPO
 "State Bank of India set to sell 1.42 % stake in AMC arm in pre-IPO round")
SBI Funds Management prices ₹11,693 crore IPO at ₹545-574 per share
India's largest asset manager by assets under management has set a valuation of Rs 1.2 trillion, with the Rs 11,693 crore offer for sale opening on July 14
 "SBI Funds Management prices ₹11,693 crore IPO at ₹545-574 per share")
Markets sink as fresh US-Iran tensions reignite inflation concerns
Indian equities posted their biggest decline in over three months as escalating US-Iran tensions lifted crude oil prices, triggering concerns over inflation and economic stability
 "Markets sink as fresh US-Iran tensions reignite inflation concerns")
RBI approves Mahesh Pai as South Indian Bank MD & CEO for three years
Yet another public sector banker takes charge of a pvt bank; Stock plunges 8.5%
 "RBI approves Mahesh Pai as South Indian Bank MD & CEO for three years")
Pre-listing lock-ins of 53 companies worth $11 bn to expire in 3 months
Pre-listing shareholder lock-ins worth $11 billion across 53 companies will expire between July and September, though analysts expect most exits to be managed through negotiated deals
 "Pre-listing lock-ins of 53 companies worth $11 bn to expire in 3 months")
As market sentiment improves, qualified institutional placements rebound
Qualified institutional placement activity picked up sharply in June as easing geopolitical tensions, stronger markets and improved investor sentiment encouraged companies to raise equity capital
 "As market sentiment improves, qualified institutional placements rebound")
Indices hit 10-week closing high on HDFC Bank gains, easing crude
Indian equity benchmarks rose to their highest closing levels in about 10 weeks, supported by HDFC Bank, easing crude oil prices and continued foreign portfolio investor inflows
 "Indices hit 10-week closing high on HDFC Bank gains, easing crude")
Street signs: Old bourse and a new hope, slow start to busy month
Revival hopes for the Calcutta Stock Exchange, key Nifty levels and a packed IPO pipeline dominate market buzz as investors track earnings and FPI inflows
Nifty IT logs best 1-day gains in over a year; Sensex climbs 580 points
Nifty ended the session at 24,176, a gain of 170 points, or 0.7 per cent
Cash market turnover declines in June after touching 22-month high in May
Average daily cash market turnover across the NSE and BSE fell 7 per cent in June, while derivatives activity edged up on higher volumes during the month's final expiry sessions
 "Cash market turnover declines in June after touching 22-month high in May")
Benchmark indices snap two-day decline as easing crude oil lifts sentiment
The Sensex and Nifty gained 0.6 per cent on Wednesday as easing crude oil prices, gains in financials and auto stocks, and strong domestic institutional buying lifted market sentiment
 "Benchmark indices snap two-day decline as easing crude oil lifts sentiment")