)
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.
The losses in HDFC Bank came after the private sector lender reported a sequential decline in loans during the June quarter
It may climb even higher amid hopes of Fed rate cut
The worst impact is seen on discount brokerages that currently pocket a neat spread between what they charge their end-clients and what they pay the exchanges as charges
The Nifty50 index closed at 24,142, rising 131 points, or 0.5 per cent. Both Sensex and Nifty surpassed their previous closing highs on Thursday
2,425 stocks muscle their way to new peaks
Bhatt says India stands out globally because of its financial discipline
The gains come amid the background of strong economic data and optimism around the functioning of the new government
The Nifty closed at 24,011, down 34 points, or 0.14 per cent, as gains in Reliance Industries (RIL) were offset by losses in banking
FPI buying, gains in RIL, IT pack help indices log new highs for a 10th time in June
The Sensex ended the session at 78,674, gaining 621 points or 0.8 per cent, while the Nifty 50 index ended at 23,869, up 147 points or 0.6 per cent
Drop in shareholdings highest in at least 12 quarters
Sustained foreign helps indices log best day in over than two weeks
Unlike the previous election years, bankers said there was more certainty regarding the outcome
Release the fortune: Market observers predict surge in block deals as restrictions lift
Once left behind, PSU stocks close performance gap after 6-year slump
Following strong responses to two initial public offerings (IPOs) that closed last week, grey market premiums (GMPs) have strengthened for three IPOs set to conclude this week
Avanse is the first education-focused NBFC looking to go public
Losses in RIL, L&T offset gains in IT stocks
Investment bankers say early stage talks on with about half a dozen foreign firms
Both FPIs and domestic institutional investors were net buyers on Tuesday