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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.
In the previous session, both indices had finished at their lowest levels since May 2021 after dropping over 7 per cent in six straight sessions
Shares of logistics major Delhivery may come under pressure on Monday as a freeze on shares allotted to anchor investors ends
Benchmark indices shed over 5% each as investors take money off risky assets amid fears of global recession after US Fed's 75 bps rate hike
Foreign investors sold shares worth 3,257.65 crore on Thursday, taking their year-to-date selling tally past the Rs 2-trllion mark
Overall, MFs invested Rs 29,400 crore last month even as overseas investors sold shares worth Rs 42,900 crore
Rate hike fears keep investors on tenterhooks as they await Fed policy
The 200-DMA - nearly a year's average of closing prices - is analysed by traders to understand the market sentiment
Indian currency performed rather well compared to most Asian peers, which were hammered due to the hotter-than-expected US inflation data
Some funds could reallocate from other EMs to China, posing fresh headwinds for India, which commands a steep valuation premium compared with other EMs
FPIs sell shares worth Rs 4,000 crore; US inflation hits new 4-decade high
Foreign portfolio investors (FPIs) sold shares worth Rs 2,294 crore, while domestic investors provided buying support to the tune of Rs 1,311 crore
The pace was down by almost 750,000 when compared to January when over 3.4 mn new accounts got added
After IT, banking & financial services and fast-moving consumer goods (FMCG) saw the biggest outflows - at $1.55 billion and $660 million - respectively
Hotel stocks are back in investor good books, with occupancies returning to pre-pandemic levels
Regulatory changes and curbs on intraday leverage hurt volumes and push change to the derivative options segment.
The sell-off in May is also the second-highest monthly outflows recorded in the domestic market since 1993
Weak secondary market conditions weigh on listing-day performance
Sensex, Nifty rise 4% in three trading sessions, paring monthly losses
Technical analysts say last week's trading range will act as good support and resistance and the next big directional move will depend on which side the index breaks out
In conversation with Sundar Sethuraman, he says foreign flows may move to some of the under-performing markets within the emerging markets (EMs)