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 75 - Sundar Sethuraman
Banking stocks, Reliance Industries keep indices' winning streak on course
The benchmark Sensex ended the session at 49,517, a gain of 247 points or 0.5 per cent. The Nifty rose 78 points or 0.5 per cent to end the session at 14,563
 "Banking stocks, Reliance Industries keep indices' winning streak on course")
Sensex closes in on 50,000 milestone, Nifty ends at 14,484; IT stocks gain
Indian stocks continue to be the beneficiaries of benign foreign portfolio investor (FPI) flows amid signs of recovery in the economy
 "Sensex closes in on 50,000 milestone, Nifty ends at 14,484; IT stocks gain")
Promoter pledging declines to a two-year low of 11% in December
But value of pledged holding rises, buoyed by market rally
 "Promoter pledging declines to a two-year low of 11% in December")
Exchanges and depository stocks surge since March lows, shows data
Analysts said investors are betting on stocks which had little or no disruption in their business activity after the onslaught of Covid-19
 "Exchanges and depository stocks surge since March lows, shows data")
Street signs: ELSS outflow an unusual surprise, Antony shares slide & more
The shares of civic services provider Antony Waste Handling Cell has already lost a third of its listing gains a week after its market debut
Bull run continues: Indices on longest weekly winning streak since 2009
Sensex, Nifty hit fresh all-time highs on Friday
 "Bull run continues: Indices on longest weekly winning streak since 2009")
Revival hopes fuel 500% surge in Jet Airways stock since September 2020
Analysts, however, advise caution against excessive speculation in the counter
 "Revival hopes fuel 500% surge in Jet Airways stock since September 2020")
BSE cash market trades on mobiles up 11x on wider access, cheap data
The share of cash market trades carried out on mobile phones was 1.5 per cent in January 2016 on the BSE. It rose to 16.6 per cent in December last year.
 "BSE cash market trades on mobiles up 11x on wider access, cheap data")
Budget wishlist: Broking community seeks time limit on Sebi proceedings
In a submission to the Union government, the brokers association said the Sebi Act does not prescribe any period of limitation on initiation of proceedings
 "Budget wishlist: Broking community seeks time limit on Sebi proceedings")
Investment bankers net decade-high $292 million from ECM activity
M&A advisory fee down 5.1 per cent to a three-year low of $303 million
 "Investment bankers net decade-high $292 million from ECM activity")
Share buybacks fail to boost firms' long-term stock performance
Since April 2017, 176 companies have repurchased their shares. Some of them have done multiple buybacks. Of these shares of 111 companies are trading currently below the price
 "Share buybacks fail to boost firms' long-term stock performance")
RailTel to Indigo Paints: January likely to see IPOs worth Rs 8,000 crore
RailTel Corporation of India, Indigo Paints, Home First Finance Company, Indian Railway Finance Corporation (IRFC), and Suryoday Small Finance Bank are among the companies looking to tap the market
 "RailTel to Indigo Paints: January likely to see IPOs worth Rs 8,000 crore")
Sensex climbs Mount 48,000 as investors cheer Covid-19 vaccine nod
The Sensex ended the session at 48,177, following a gain of 308 points or 0.64 per cent. The Nifty, on the other hand, rose 114 points, or 0.8 per cent, to end the session at 14,133
Missing the mark: How will govt achieve divestment target for FY21
Among strategic sales, the government is already working on plans to divest Bharat Petroleum, Container Corporation, BEML, and Shipping Corporation
 "Missing the mark: How will govt achieve divestment target for FY21")
Antony Waste makes strong market debut, shares list at 36% premium
The company has a post-listing market capitalisation of Rs 1,152 crore
 "Antony Waste makes strong market debut, shares list at 36% premium")
After a frenzied day-one pop, most IPO superstars often bite the dust
Four of the five most-subscribed initial public offers are down 12-71% over day-one listing gains
Antony Waste aims second shot at listing after failure of IPO in March
The company will launch its Rs 300-crore IPO again on December 21 in a price band of Rs 313-315 per share
Mrs Bectors subscribed 198 times, highest ever for a Rs 200-cr plus IPO
Generated bids worth over Rs 40,000 cr. Previously, only three tiny issues have garnered more than 200x subscription
Mrs Bectors Food Specialities' IPO subscribed 11.4 times on Day 2
The portion reserved for employees was subscribed the most (30x); the retail investors' portion was subscribed 16.4x, the wealthy investor portion 8.6x, and the institutional investor portion 4.7x
Markets see liquidity gush as FPI inflows surpass $20 billion mark
It's the highest-ever in rupee terms; three-fourths of flows have come since November
 "Markets see liquidity gush as FPI inflows surpass $20 billion mark")