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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.
Most companies had to hit pause on their fund-raising plans amid a sharp fall in the stocks, more so for those in the broader market.
But their domestic counterparts buy Rs 1,373 crore of stocks
Dan Fineman, co-head of Asia Pacific, Securities Research, Credit Suisse, says the brokerage would like to upgrade India if an opportunity arises
For the ongoing fiscal year, the industry is expected to clock record revenues of Rs 28,000 crore, which will be around 30 per cent higher than those in FY21
The market is still pretty with two-year returns for Nifty at 2.3 times, while the Nifty Midcap 100 and Smallcap 100 were up a sharper 2.7 times and 3.1 times, respectively.
RIL, IT stocks lead rally; Sensex set to reclaim 58K mark
As the Russian invasion of Ukraine continued to drag on, markets declined on Monday, pushing oil prices even higher.
With IPO deals drying on the mainboard, high net-worth individuals (HNIs) and savvy investors have shifted their focus on small and medium enterprises (SME) at bourses.
DIIs have stepped up buying in the past six months and safeguarded the markets from a steep fall amid the relentless sell-off by FPIs.
Experts also said the sharp bounce in China's market is favourable for global equities
A 25 per cent drop in crude prices from recent highs, favourable outcome in state polls and bargain hunting after a sharp drop in the market have propelled the market.
In the previous five trading sessions, both indices had jumped more than 6 per cent, rebounding from seven-month lows
Oil prices drop sharply on Russia-Ukraine talks
The benchmark Nifty bounced sharply from its low of 15,748 last week to close at 16,630
LIC, Delhivery, PharmEasy among deals to be keenly followed by the market
Stability in commodity prices and a strong showing by the ruling Bharatiya Janata Party (BJP) in the state polls improved investor sentiment
The Sensex jumped as much as 3 per cent, or 1,595 points, before it gave up half of the gains amid sharp losses in the European markets
Many fear that the high commodity prices would lead to further pressure on inflation and boost prospects of stagflation
Analysts said oil prices would overshadow the election results of five states, due on Thursday
The Sensex ended the session at 53,424.09, a gain of 581 points or 1.1per cent. In the past four sessions, the Sensex had declined 6 per cent.