Sundar Sethuraman
 "Sundar Sethuraman")
Sundar Sethuraman
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.
Page 67 - Sundar Sethuraman
Domestic mutual funds remain strong buyers; FPI flows back in black
Domestic investors may lend support to markets in the event of any intermittent correction, say experts
 "Domestic mutual funds remain strong buyers; FPI flows back in black")
Street signs: Nifty eyes 17k-mark, poultry and aqua stocks may gain & more
The Nifty50 concluded the August expiry series with gains of 5.4 per cent; it has made higher highs and shallower lows for the last four weeks
 "Street signs: Nifty eyes 17k-mark, poultry and aqua stocks may gain & more")
Rs 1-trillion m-cap club nears half-century; 19 companies join in 2021
Market experts said this was a natural consequence of the sustained gains in the market
 "Rs 1-trillion m-cap club nears half-century; 19 companies join in 2021")
At least 5 IPOs worth Rs 6,595 crore may hit Street in September
Vijaya Diagnostics, Arohan Financial Services, Penna Cement, Shri Bajrang Power and Ispat are the companies likely to come out with their IPOs in September
 "At least 5 IPOs worth Rs 6,595 crore may hit Street in September")
Indian investment bankers tighten grip over the league table
ICICI Securities, Axis, Kotak among top 5 managers of equity issuances
 "Indian investment bankers tighten grip over the league table")
Infra stocks rise on the back of national monetisation plan optimism
Adani Ports and SEZ, Hindustan Petroleum and ONGC rose 7.8 per cent, 5 per cent and 3.5 per cent respectively over two days
 "Infra stocks rise on the back of national monetisation plan optimism")
Over two-thirds of BSE500 stocks decline in August, shows data
Experts say this reflects selling pressure in mid-, small-cap space
 "Over two-thirds of BSE500 stocks decline in August, shows data")
Indian indices perform better than emerging market counterparts in 2021
Nifty has gained 17% YTD in dollar terms, best among headline EM indices
 "Indian indices perform better than emerging market counterparts in 2021")
Five out of the eight companies list below issue price in August
Aptus Value Housing Finance, Chemplast Sanmar latest to make tepid debuts
 "Five out of the eight companies list below issue price in August")
Cement maker Nuvoco Vistas lists at a steep discount to issue price
Post listing, the company commands a market capitalisation of Rs 18,975 crore
 "Cement maker Nuvoco Vistas lists at a steep discount to issue price")
Zomato share price falls 8% as lock-in period for anchor investors end
The shares ended the session at Rs 127 apiece on the S&P BSE Sensex on a day when the benchmark ended 226 points, or 0.41 per cent, higher
 "Zomato share price falls 8% as lock-in period for anchor investors end")
Advance-decline ratio hits a 17-month low in August, shows data
Indicates that number of declining stocks far exceeds those advancing, and may be a bearish signal
 "Advance-decline ratio hits a 17-month low in August, shows data")
Street signs: MFs bet on easier compensation rules, India VIX surges & more
Officials in the industry believe that the market regulator might give some concessions on the aspect of key employees of the fund houses
 "Street signs: MFs bet on easier compensation rules, India VIX surges & more")
CarTrade Tech makes tepid market debut; tumbles 7% at close of trade
CarTrade Tech's initial public offering (IPO) was subscribed 20.29 times
 "CarTrade Tech makes tepid market debut; tumbles 7% at close of trade")
Indices in for rough ride, but correction could spur more buying: Experts
Analysts said equity markets across the globe are under pressure after the minutes of the recent US Federal Reserve meeting
 "Indices in for rough ride, but correction could spur more buying: Experts")
Fundraising through rights issues falls sharply in January-July period
Experts said promoters opt for rights issues in a bearish market as they don't want to dilute their holdings when the valuations are unattractive
 "Fundraising through rights issues falls sharply in January-July period")
Rolex Rings IPO subscribed 130x on last day on institutional, HNI interest
The Rs 731-crore IPO generated bids worth Rs 66,744 crore
 "Rolex Rings IPO subscribed 130x on last day on institutional, HNI interest")
Street signs: Falling GMPs signal IPO fatigue, NFO targets on rise & more
According to market players, the GMP for CarTrade is 25 per cent, while Nuvoco Vistas is less than 10 per cent, over their offer price.
 "Street signs: Falling GMPs signal IPO fatigue, NFO targets on rise & more")
HNIs incur losses as Glenmark Life Sciences ends flat on listing day
Market observers said HNIs had placed leveraged bets, and lost big as their break even cost was more than Rs 850 per share
 "HNIs incur losses as Glenmark Life Sciences ends flat on listing day")
Heavy retail rush for 4 IPOs puts banking system under pressure
According to industry players, the many banks found it difficult to process the record 10 mn retail applications garnered, leading to higher failure rate, delayed OTP messages