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 74 - Sundar Sethuraman
After record FY21, brokerages' revenue growth to moderate in FY22: ICRA
'The ongoing investor exuberance is expected to wane gradually. The trading volumes are expected to moderate compared to the peak witnessed in the last few months,' says an ICRA official
 "After record FY21, brokerages' revenue growth to moderate in FY22: ICRA")
Heranba Industries Rs 625 crore IPO subscribed 84% on Day-1
Price band set at Rs 626-627 per share; offer is priced at nearly 23 times its trailing 12-month earnings
 "Heranba Industries Rs 625 crore IPO subscribed 84% on Day-1")
Bears take control: Sensex slips below 50,000, investors lose Rs 3.7 trn
Tumbles 2.3% in fifth straight day of loss amid rise in bond yields, Covid cases
 "Bears take control: Sensex slips below 50,000, investors lose Rs 3.7 trn")
Amid privatisation buzz, Nifty PSU Bank index extends gains to 42% in Feb
On Thursday, the Nifty PSU Bank index, a gauge for the performance of state-owned banking stocks, rose 5.6 per cent
 "Amid privatisation buzz, Nifty PSU Bank index extends gains to 42% in Feb")
RailTel IPO subscribed 42 times; firm heads for Rs 3,000 cr valuation
The institutional investor portion of the IPO was subscribed 65 times and the high-net-worth individual (HNI) portion was subscribed 73 times
Nureca's Rs 100-crore IPO subscribed 40x; RailTel Corp 7x on Day Two
Interestingly, the bulk of the demand came from retail investors for Nureca
 "Nureca's Rs 100-crore IPO subscribed 40x; RailTel Corp 7x on Day Two")
Brookfield REIT makes a tepid debut, units end 2% below issue price
Earlier this month, Brookfield Reit's Rs 3,800-crore IPO had garnered nearly eight times subscription
 "Brookfield REIT makes a tepid debut, units end 2% below issue price")
Sensex crosses 52,000-mark for first time amid huge investments by FPIs
Index up 13% this month as FPIs pump in Rs 20,000 crore
 "Sensex crosses 52,000-mark for first time amid huge investments by FPIs")
Street signs: Railtel GMP at 30%, Bitcoin mirrors equity, and more
Railtel's Rs 820-crore IPO opens on Tuesday. The offering is entirely an offer for sale by the government.
ITC share price falls 4% after weak December quarter results
The stock had run up as much as 40% since November
 "ITC share price falls 4% after weak December quarter results")
Investors richer by Rs 10.5 trn after Budget; Sensex crosses 50K-mark again
The Nifty50 index rose 367 points, or 2.6 per cent, to settle at 14,648, surpassing its previous record made on January 20
 "Investors richer by Rs 10.5 trn after Budget; Sensex crosses 50K-mark again")
Bulls take charge at Dalal Street: Sensex up over 2,300 pts on Budget day
The benchmark Sensex jumped 5 per cent, while the Bank Nifty zoomed 8.3 per cent
Street signs: Sebi ups its guard, HNI bets Indigo Paints IPO at risk & more
Given the strict trading restriction a 'short squeeze' strategy is difficult to execute in India.
 "Street signs: Sebi ups its guard, HNI bets Indigo Paints IPO at risk & more")
Markets see worst weekly setback since May, Sensex off 7.8% from peak
FPIs sell Rs 5,931 crore on Friday, most since March
Sensex ends 535 points lower, Nifty just above 13,800; Maruti falls 3.5%
A sharp fall in the US markets on Wednesday and weak opening in other Asian markets weighed on sentiment of domestic investors causing the Sensex to drop nearly 900 points in intra-day trade
 "Sensex ends 535 points lower, Nifty just above 13,800; Maruti falls 3.5%")
Over 80% of BSE stocks slide after the historic high, shows data
The Sensex, too, has fallen by 6 per cent, ending Thursday's session at 46,874.36
Stove Kraft IPO subscribed 18 times despite secondary market sell-off
Institutional portion garners 8x, HNI subscribed 33 times, while retail quota saw 26x subscription
 "Stove Kraft IPO subscribed 18 times despite secondary market sell-off")
Eight of 10 BSE 500 stocks retreat from historic 50,000 level of Jan 20
416 stocks shed an average 5.4% and a tenth decline over 10% in just five trading sessions
 "Eight of 10 BSE 500 stocks retreat from historic 50,000 level of Jan 20")
Tax worries roil indices ahead of Budget; Sensex down 5% from peak
YTD returns turn negative
 "Tax worries roil indices ahead of Budget; Sensex down 5% from peak")
Low price denomination stocks dominate investor interest, shows data
Thirty-nine, including Subex, McLeod Russel, Jet Airways, Jain Irrigation Systems, and Sintex Plastics Technology, have surged more than 5x during this period
 "Low price denomination stocks dominate investor interest, shows data")