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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.
Nifty has not gained for more than three weeks in a row since mid-January 2022
Indices end at highest level in nearly a month
Rural demand another reason for buoyant sentiment towards FMCG stocks
Shares of Kotak Bank rose 2.64 per cent on Wednesday to end at Rs 1,707, valuing the lender at $42.8 billion (Rs 3.4 trillion)
Reversal in FPI selling buoys sentiment
In the past fortnight, the average daily selling by overseas funds has moderated to less than Rs 1,400 crore, compared with nearly Rs 3,500 crore in the preceding fortnight
During the March 2022 quarter, net retail flows stood at Rs 49,700 crore, data provided by the exchange shows
Shares of ITC jumped 4 per cent in Friday's trading session
FMCG, construction materials were among other sectors to see large outflow, while metals, power, discretionary consumption and telecom saw inflows
The rise in crude oil prices, interest-rate hikes by central banks, disruptions in global supply chains, and fears of recession have led to a market decline over the past three months
Mukesh Ambani steps down as part of succession plan
The quarterly recapping of Nifty indices takes into account the changes in free-float market capitalisation (m-cap) of companies and realigns their weighting
This high number of DRHP filing - or intent shown by companies to go public - paints a bullish picture
After rebounding 2.7 per cent last week, the Nifty ended at 15,699 - close to its resistance zone of 15,700-15,750
FPI selling in June nears Rs 50,000 crore
Experts said a fall in oil prices and other key commodities are a silver lining in the domestic market
ADTV for cash segment lowest since Feb 2020; retail participation hit, say analysts
Performance comes on the back of 48% YoY growth in bottomline. GDP also expanded 19.5% in FY22 after contracting in FY21 due to Covid-19 disruptions
Experts said risk aversion among investors is due to scepticism over whether policymakers will be able to achieve aggressive monetary tightening to tame inflation without triggering recession
Market players also attributed technical factors to the rebound and said it is too early to call it a reversal in fortunes