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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.
While the Dodla IPO was subscribed 45x, that of Krishna Institute was subscribed 3.8x
Hyderabad-based Dodla Dairy and Krishna Institute of Medical Sciences announced their Rs 520-crore and Rs 2,144-crore IPOs on Friday
It's a sign that the market has become overheated, say experts
The Sensex rose 393 points, or 0.75 per cent, to end at 52,699, while the 50-share Nifty gained 104 points, or 0.7 per cent, to close at 15,790
200 firms of the BSE 500 universe are tracked by more brokerages than a year ago
Stocks fell sharply on both, Friday and Monday after a Fed official said he sees rate hikes as early as next year. However, they recouped losses on both days.
Fresh issue of Rs 100 crore, offer for sale of Rs 700 crore; anchor investors to be allotted shares on Tuesday
Dodla Dairy had priced its IPO between Rs 421-428 per share, while KIMS had priced its between Rs 815 to Rs. 825 per equity share. Both IPOs close on Friday.
Shyam Metalics' IPO size was Rs 909 crore of which Rs 657 crore was fresh fund raise to help retire debt.
Advance-decline ratio for May best 12 months; Momentum continues in June
The rise, however, could be capped if the dollar strengthens against major currencies
Draw a list of dos and don'ts companies need to keep in mind while communicating with their shareholders
SBI Life Insurance, HDFC and HDFC Bank attracted maximum inflows from mutual funds
Tata Steel is expected to see huge inflows from ETFs over the next week.
After rising 341 points, the Sensex settled 174 points, or 0.33 per cent, higher at 52,475
But share in total m-cap languishes below 10%, lower than long-term average of 13%
Price band at Rs 285-291 a share; fresh sale of Rs 300 cr and OFS worth Rs 5,250 crore, of shares held by Singapore Topco, Blackstone affiliate
Steelmaker prunes size issue by 18%, to launch IPO next week
The month saw a sharp turnaround in fortunes with overseas investors selling shares worth nearly $900 million during the first half and pumping in close to $500 million during the second
Sensex tops February peak to settle at 52,232; Nifty closes at 15,690