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.
Page 32 - Sundar Sethuraman
Fundraising through rights issues sprint in 2023, but QIPs maintain lead
Year sees revival in rights issues, with 11 companies raising Rs 7,168 crore, eclipsing previous year's total of Rs 3,884 crore by 10 companies
 "Fundraising through rights issues sprint in 2023, but QIPs maintain lead")
Street Sign: Nifty nudges down, Gold's Act III, Innova Captab IPO & more
Foreign portfolio investors are likely to slow down their purchases. Foreign investors were heavy sellers in the last two sessions of the week, although they were net buyers worth Rs 44,740 cr in Dec
 "Street Sign: Nifty nudges down, Gold's Act III, Innova Captab IPO & more")
Indices snap 7-week winning streak; Sensex, Nifty dip despite Friday gains
Profit booking after the excellent run was cited as the primary reason for this week's market rout
 "Indices snap 7-week winning streak; Sensex, Nifty dip despite Friday gains")
Inox India shares end debut day with 42% premium at Rs 940 on bourses
Inox India is a supplier of cryogenic equipment
 "Inox India shares end debut day with 42% premium at Rs 940 on bourses")
Index heavyweights, investors' buying on dips aid market recovery
HDFC Bank rose 1.8 per cent and contributed the most to Sensex gains, followed by Reliance Industries, which gained 1.4 per cent
 "Index heavyweights, investors' buying on dips aid market recovery")
FPIs lap up finance, healthcare, auto stocks in first half of Dec
FPIs were net buyers to the tune of Rs 42,731 crore in the first fortnight of December
 "FPIs lap up finance, healthcare, auto stocks in first half of Dec")
Second best December for IPOs since 1996, 11 companies raise Rs 8,182.7 cr
Six companies have already completed their fundraising process; two were listed on Wednesday.
 "Second best December for IPOs since 1996, 11 companies raise Rs 8,182.7 cr")
Markets fall amidst profit booking, Covid concerns; sensex down 931 points
Profit booking after the good run was cited as the primary reason for the market rout
Banks lead QIP revival in 2023: Listed cos raised Rs 53,070 cr so far
Seven lenders account for 40% of the Rs 53,070 crore raised via QIPs this year so far
 "Banks lead QIP revival in 2023: Listed cos raised Rs 53,070 cr so far")
Nifty, Sensex could see another 8-10% upside in 2024: HDFC Securities
The brokerage said its preferred sectors are large-cap banks, industrial and real estate, power, autos, pharma, OMCs, gas, and capital markets
 "Nifty, Sensex could see another 8-10% upside in 2024: HDFC Securities")
Markets pause after posting their longest winning streak in three years
Take a breath after weeks of gains, focusing on selective value stocks amidst profit-taking
 "Markets pause after posting their longest winning streak in three years")
Street Signs: Nifty50 enters 'overbought' zone, Indigo may gain altitude
The stock of IndiGo airlines' parent company, Interglobe Aviation, posted one of its longest winning streaks this week
 "Street Signs: Nifty50 enters 'overbought' zone, Indigo may gain altitude")
Wager on IPOs exceeds Rs 1 trn; Doms subscribed 93x, India Shelter 37x
Another half a dozen IPOs open for subscription next week
 "Wager on IPOs exceeds Rs 1 trn; Doms subscribed 93x, India Shelter 37x")
US Federal Reserve pivot helps markets log seventh weekly advance
A dovish pivot by the US Federal Reserve and a sharp retreat in bond yields spurred risk appetite across the globe
 "US Federal Reserve pivot helps markets log seventh weekly advance")
Nifty IT logs biggest two-day gain since July 2020; Sensex soars past 71K
Bellwether stocks Tata Consultancy Services, Infosys, and HCL Technologies each witnessed a 5 per cent jump on Friday, accounting for over half of the market gains
 "Nifty IT logs biggest two-day gain since July 2020; Sensex soars past 71K")
Markets soar on dovish US Federal Reserve, Sensex settles atop 70K
US 10-yr treasury yield now below 4% as risk appetite increases
 "Markets soar on dovish US Federal Reserve, Sensex settles atop 70K")
IPO rush ahead of FPI holiday season, market to raise nearly Rs 8,000 cr
These companies will break a jinx of sorts seen during the December preceding a General Election year
 "IPO rush ahead of FPI holiday season, market to raise nearly Rs 8,000 cr")
South Korea's Mirae Asset Securities buys Sharekhan for Rs 3,000 crore
Frenching banking major BNP Paribas bought the retail broking unit in 2007
 "South Korea's Mirae Asset Securities buys Sharekhan for Rs 3,000 crore")
Sensex takes breather after scaling 70k peak, ends 377 points lower
Nifty50 index slumps 91 points --- biggest single-day fall since November 1
 "Sensex takes breather after scaling 70k peak, ends 377 points lower")
BNP Paribas sells retail broking arm Sharekhan To S Korea's Mirae
Paris-headquartered BNP had acquired 100 per cent equity of Sharekhan from a clutch of investors in 2015
 "BNP Paribas sells retail broking arm Sharekhan To S Korea's Mirae")
