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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 July, they were net-buyers after nine consecutive months of selling
Shareholding of high networth individuals (HNIs) - those holding shares worth more than Rs 2 lakh in a company - also declined to 2.08 per cent as on June 30, from 2.21 per cent on March 31
An ADR of more than 1 indicates that more stocks have gained than those that have declined
FPIs bought shares worth Rs 4,989 crore in July after being net-sellers since October
The bullishness stems from a positive long-term outlook for automakers
What led to such record outflows? "Rising global central banks' rates, rupee depreciation, expensive valuations and geopolitical risks," says BofA in a note.
This follows 2020, 2012, 2011 pattern, and the one in 2008, during the Global Financial Crisis
FPIs buy shares worth Rs 6,300 crore, first net inflow since Sept 2021
Four-fifths of the Sensex constituents ended with gains. Bajaj Finance rose 10.7 per cent and was the best-performing index stock
The Sensex ended the session at 55,268, with a decline of 497 points, or 0.9 per cent
Steepest cuts from Citi and Morgan Stanley; stock sheds 3.33% to end at Rs 2,420
More than the Fed's hike, it is the commentary that would impact market sentiment
The latest upmove has been underpinned by positive foreign portfolio investor (FPI) flows
Markets are expected to remain volatile on opening as they absorb the results of Reliance Industries and Infosys
The rally in banking and finance stocks after some banks posted good quarterly results also helped sentiment
IndusInd Bank was the best-performing Sensex stock and rose 7.8 per cent
Slumps over 80%; titans of India Inc in wait-and-watch mode to see how economy navigates a torrent of headwinds
Sensex closes at highest level since June 6; Up 8% from CY22 lows
Survey shows while inflation is seen falling, mood is stagflationary; recession expectations highest since May 2020; global growth and profits at all-time lows, cash levels highest since 9/11 attacks
1.4% jump comes on the back of easing recession fears, China policy support