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.
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Street signs: Zomato GMP at 15-18%, beeline of AIFs at IFSC, and more
Shares of thermal power producers are likely to benefit from the rise in power demand, say analysts
 "Street signs: Zomato GMP at 15-18%, beeline of AIFs at IFSC, and more")
GR Infra Projects, Clean Science IPOs subscribed close to 100x each
Attract bids worth over Rs 1.73 trillion
 "GR Infra Projects, Clean Science IPOs subscribed close to 100x each")
IPO Watch: G R Infraprojects subscribed six times on Day-2
Clean Science offer gets 4.4x subscription
 "IPO Watch: G R Infraprojects subscribed six times on Day-2")
Insurance sector attracts 40% of FPI flows worth $2.35 bn in June
Insurance isn't a big sector in terms of weight, accounting for just 2.5% of FPI corpus. In comparison, nearly a third of FPI investments in the country are in banking and financial sector
 "Insurance sector attracts 40% of FPI flows worth $2.35 bn in June")
Rising cases, delta variant worries rattle domestic and global markets
Sensex posts biggest loss in nearly two months
 "Rising cases, delta variant worries rattle domestic and global markets")
Zomato prices its IPO at Rs 72-76 per share; offer open between July 14-16
At the top end of the band, the company could raise Rs 9,375 cr and is valued at Rs 64,365 cr. Zomato's is the largest IPO in 16 months after SBI cards which raised Rs 10,355 cr
 "Zomato prices its IPO at Rs 72-76 per share; offer open between July 14-16")
Sensex closes above 53,000 for the first time ever, adds 193 pts
Nifty 50 index rose 61 points, or 0.4 per cent, to end at a new lifetime high of 15,879.65
India Pesticides shares jump 16% to close at Rs 343.2 on listing day
It touched a high of Rs 368 and a low of Rs 340 with nearly Rs 980 crore worth of shares changing hands.
 "India Pesticides shares jump 16% to close at Rs 343.2 on listing day")
Strong debut by Dodla and KIMS, gain 42% and 21% respectively at close
While the Dodla IPO was subscribed 45x, that of Krishna Institute was subscribed 3.8x
 "Strong debut by Dodla and KIMS, gain 42% and 21% respectively at close")
Street signs: New issues command attractive GMP, Religare stocks & more
The price band for Clean Science IPO is Rs 880-990 per share, while that for GR Infra is Rs 828 to 837 per share
 "Street signs: New issues command attractive GMP, Religare stocks & more")
Over 90% stocks in NSE 500 universe trade above 200-day moving average
It's a sign that the market has become overheated, say experts
 "Over 90% stocks in NSE 500 universe trade above 200-day moving average")
Indices ride high on surge in technology stocks; Infosys rises 3.75%
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
 "Indices ride high on surge in technology stocks; Infosys rises 3.75%")
On the radar: Analysts expand coverage amid sharp stock market rally
200 firms of the BSE 500 universe are tracked by more brokerages than a year ago
 "On the radar: Analysts expand coverage amid sharp stock market rally")
Markets rebound for the second day on the trot as investors 'buy the dip'
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.
 "Markets rebound for the second day on the trot as investors 'buy the dip'")
India Pesticides' Rs 800 cr IPO to open June 23; price band Rs 290-296
Fresh issue of Rs 100 crore, offer for sale of Rs 700 crore; anchor investors to be allotted shares on Tuesday
Dodla Dairy IPO gets subscribed 45x on Day 3, KIMS 3.8x
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.
 "Dodla Dairy IPO gets subscribed 45x on Day 3, KIMS 3.8x")
Shyam Metalics IPO gets healthy response, subscribed 121 times on Day 3
Shyam Metalics' IPO size was Rs 909 crore of which Rs 657 crore was fresh fund raise to help retire debt.
Market breadth turns sharply positive on hopes of revival in economy
Advance-decline ratio for May best 12 months; Momentum continues in June
 "Market breadth turns sharply positive on hopes of revival in economy")
Brent could touch $80 as economic recovery picks up: Emkay Wealth
The rise, however, could be capped if the dollar strengthens against major currencies
 "Brent could touch $80 as economic recovery picks up: Emkay Wealth")
Exchanges warn listed firms against misleading or false publicity
Draw a list of dos and don'ts companies need to keep in mind while communicating with their shareholders