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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.
Analysts recommend traders to maintain a bullish bias and buy on dips
The benchmark Sensex opened gap-down 827 points (down 1.4 per cent), then went on to fall -1,015 points, or 1.7 per cent over its previous day's close
The Nifty Smallcap 100 Index rose 4.9 per cent. By comparison, the Nifty50 Index rose 3.5 per cent and the Nifty Midcap 100 soared 6.2 per cent
Analysts said there are signs of the waning of the intensity of tailwind generated by economic reopening
Foreign investors pump in Rs 51,000 cr; near-term flows to hinge on rupee, bond movements
All Sensex, Nifty stocks close in the green; FPIs pump in Rs 4,166 cr
Experts say any fall in US equities could reflect in the domestic markets as well
The tech-heavy Nasdaq index is down 22 per cent this year
Last week, the Sensex and the Nifty shed over 1 per cent but were still up nearly 15 per cent from their June lows
Defence stocks, such as Bharat Electronics, Mazagon Dock Shipbuilders, and Cochin Shipyard, logged strong gains last week amid buying interest from wealthy investors
Nifty P/E 82% higher than MSCI EM; up from 54% in June
The institutional investor portion was subscribed 0.25x. The wealthy investor portion by 1.39x, and retail investor by 8x. Overall, the IPO was subscribed 1.96x
Small-cap index still down 17% YTD, even as Nifty50, mid-cap indices back in green.
"It is encouraging to see nearly $5 billion of FPI inflows this month into India after a long period of sustained outflows", he said
Profit-booking after over 17 per cent gains in just two months added to this fall
Shares of new-age companies have dropped more than 60% amid liquidity squeeze.
Share pledging by promoters declined during the April-June quarter (first quarter, or Q1) of 2022-23 (FY23) as markets fell close to 10 per cent
The domestic broking industry has seen a sharp decline in new account openings in the past two months
Fed remarks, China growth concerns hit sentiment
Surpasses January mark with key contributions from newly-listed LIC, Adani Wilmar