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 81 - Sundar Sethuraman
Sensex, Nifty jump on reports of rollback of tax surcharge on FPIs
Sensex gains 637 points, most in a day since January 31
 "Sensex, Nifty jump on reports of rollback of tax surcharge on FPIs")
Indices slump as RBI cuts growth forecast; Sensex down 286 points
The Nifty 50 index dropped 93 points, or 0.9 percent, to close at 10,856
 "Indices slump as RBI cuts growth forecast; Sensex down 286 points")
Economic slowdown impact: Over 20 IPOs stare at SEBI approval lapses
Slowdown, volatile market loom over maiden offerings worth Rs 16,500 crore
 "Economic slowdown impact: Over 20 IPOs stare at SEBI approval lapses")
Street signs: July-rebound theory fails, index funds get popular, and more
Most shares have declined in July amid sharp sell-off by foreign portfolio investors (FPIs) hurt by the increase in tax surcharge
 "Street signs: July-rebound theory fails, index funds get popular, and more")
Street signs: Market weakness might continue; BF Utilities gains, and more
Traders are building up short positions on the markets as they expect the correction to continue in the coming sessions
 "Street signs: Market weakness might continue; BF Utilities gains, and more")
Budget impact: Question mark over buyback pipeline as fresh tax bites
Others likely to follow KPR Mill in withdrawing share repurchase
 "Budget impact: Question mark over buyback pipeline as fresh tax bites")
Markets rebound as US Fed signals interest rate cut; Sensex rises 266 pts
This followed comments by US Federal Reserve Chairman Jerome Powell, who signalled willingness to lower interest rates
 "Markets rebound as US Fed signals interest rate cut; Sensex rises 266 pts")
Budget: Sensex falls 1% as lack of stimulus weighs, Nifty ends at 11,811
At present, the Sensex and Nifty are just 2 per cent below their all-time highs logged a month ago
 "Budget: Sensex falls 1% as lack of stimulus weighs, Nifty ends at 11,811")
IndiaMART InterMESH ends debut session with 34% gain over issue price
The company enables the discovery of products and suppliers across 50 industries
 "IndiaMART InterMESH ends debut session with 34% gain over issue price")
India's market turnover among lowest globally, shows World Bank data
According to the World Bank, India's turnover ratio at 58 in 2018 was a 43 per cent drop from 101 recorded in 2004
 "India's market turnover among lowest globally, shows World Bank data")
Investors are discerning, investing only in quality deals: Raj Balakrishnan
Investors are happy to accept a lower cost of capital for companies, which have the right governance structures, good management, and excellent track record, says Raj Balakrishnan
 "Investors are discerning, investing only in quality deals: Raj Balakrishnan")
IndiaMart IPO subscribed 36 times; receives bids for 96.92 mn shares
According to a KPMG report, it has close to 60 per cent market share of the online B2B classified advertisement space in India in FY17
Indices break 2-day losing streak; Sensex up 312 pts, Nifty ends at 11,796
The benchmark indices ended the past two sessions in the red on concerns over deficient rains and India-US trade tensions
Brokers demand cut in dividend distribution tax in upcoming Budget
The submission said the tax on the dividend should be in the form of equalisation of balance difference between corporate and personal tax
 "Brokers demand cut in dividend distribution tax in upcoming Budget")
Sensex rises 489 points on Fed rate cut hint; Nifty ends above 11,800
Softening US bond yields boost risk appetite
Deal activity will gather pace after Budget: Utpal Oza, Nomura India
There is healthy investor appetite for companies with strong fundamentals, unique business model, and a robust corporate governance framework, says Oza
 "Deal activity will gather pace after Budget: Utpal Oza, Nomura India")
IndiaMART to launch IPO on June 24, plans to raise Rs 475 crore
The company has priced its IPO between Rs 970 and Rs 973 per share. The offer will close on June 26.
 "IndiaMART to launch IPO on June 24, plans to raise Rs 475 crore")
FPI lobby seeks scrapping of LTCG tax, say it makes market uncompetitive
One of the key demands of the broking community is a cut in the domestic distribution tax and securities transaction tax
 "FPI lobby seeks scrapping of LTCG tax, say it makes market uncompetitive")
Majority of BSE 500 stocks trading below 200-day moving average
Spicejet is trading 57 per cent higher, while Maharashtra Scooter is trading 45 per cent higher
NSE cash market trades on cell phones up 10x since 2014, BSE deals up 20%
Data penetration has helped lower costs for brokers as more customers go mobile
 "NSE cash market trades on cell phones up 10x since 2014, BSE deals up 20%")
