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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Small and mid-caps steal the show in Samvat 2080; outperform benchmarks
Samvat 2080 closes with small and midcaps leading the charge, gold gleams with a 32% gain, and bond markets poised for stability
 "Small and mid-caps steal the show in Samvat 2080; outperform benchmarks")
Swiggy public issue to take 2024 IPO mopup past record Rs 1.2 trillion
Swiggy's Rs 11,327 crore IPO, the sixth-largest in India, and solar energy firm Acme Solar Holdings' Rs 2,900 crore IPO open on Wednesday
 "Swiggy public issue to take 2024 IPO mopup past record Rs 1.2 trillion")
Firms get second shot at IPO jackpot as buoyant markets offer a lifeline
So far in 2024, 68 firms have raised over Rs 1 trillion through IPOs. This is only the second time after 2021 that IPO mop-up is crossing Rs 1 trillion
 "Firms get second shot at IPO jackpot as buoyant markets offer a lifeline")
Markets snap five-day losing streak as geopolitical tensions ease
ICICI Bank propels Sensex to best session in a month
 "Markets snap five-day losing streak as geopolitical tensions ease")
Israel strike on Iran may add to market woes; oil prices remain key
Experts said positive thing from the markets was Iran downplaying the attack by Israel, which was limited to missile and air defence sites and avoided nuclear, oil, and civilian infrastructure sites
 "Israel strike on Iran may add to market woes; oil prices remain key")
Sensex drops below 80K amid earnings season gloom; turbulence may continue
Benchmark indices log longest weekly losing run in 14 mths
 "Sensex drops below 80K amid earnings season gloom; turbulence may continue")
Reaching milestone: IPO market roars past Rs 1 trillion mark in 2024
Ample domestic liquidity and encouraging post-listing performance have driven this year's IPO success
Markets log worst 1-day fall in 3 weeks amid FPI exit; Sensex falls 931 pts
Weak earnings also weigh on sentiment; Sensex, Nifty down 7% from peak
 "Markets log worst 1-day fall in 3 weeks amid FPI exit; Sensex falls 931 pts")
FPI selling tops $10 billion so far in October amid a shift to China
If trend holds, this will be first monthly outflows of over $10 bn
 "FPI selling tops $10 billion so far in October amid a shift to China")
Raymond Lifestyle stock jumps 4% after Motilal Oswal's 'buy' rating
Revenue, profit to grow 11%, 15% CAGR between FY24 and FY27, says the brokerage
 "Raymond Lifestyle stock jumps 4% after Motilal Oswal's 'buy' rating")
5th month adrift: Mkt currents pull ADR below 1, charting course of unease
Fifth month adrift: ADR remains anchored in negative waters as Sensex and Nifty sail near a 15% gain
 "5th month adrift: Mkt currents pull ADR below 1, charting course of unease")
Foreign portfolio investor exodus: Financial sector bears the brunt
The velocity of the selling was so high that barely any sector was spared. However, metals and utilities still managed marginal inflows
 "Foreign portfolio investor exodus: Financial sector bears the brunt")
Mkts end in red for 3rd straight week; FPI selloff in October tops $9 bn
Longest weekly losing streak in 14 months
 "Mkts end in red for 3rd straight week; FPI selloff in October tops $9 bn")
QIBs come to rescue of Hyundai India IPO; country's largest IPO booked 2.4x
The IPO received bids for 236 million shares, worth Rs 46,320 crore, as against 99.77 million on offer
 "QIBs come to rescue of Hyundai India IPO; country's largest IPO booked 2.4x")
FPI selling pulls indices down for 3rd straight day; Sensex falls 495 pts
At Rs 71,441 cr, outflows worst-ever for a calendar month
 "FPI selling pulls indices down for 3rd straight day; Sensex falls 495 pts")
Auto major Hyundai Motor India's IPO subscribed 42% a day before close
In its IPO, Hyundai Motor India Limited (HMIL) is seeking a valuation of 26.3 times its 2023-24 (FY24) earnings, approximately 10 per cent lower than the market leader, Maruti Suzuki India Limited
 "Auto major Hyundai Motor India's IPO subscribed 42% a day before close")
Fresh vs OFS: Hyundai Motor India's mega IPO set to upend 2024 skew
Share of fundraising via fresh issuances so far is highest in 12 years
 "Fresh vs OFS: Hyundai Motor India's mega IPO set to upend 2024 skew")
Hyundai's Rs 27,870 cr IPO highlights how mega listings affect markets
Experts attribute this phenomenon to large IPOs absorbing market liquidity, subsequently weighing on the overall market performance
 "Hyundai's Rs 27,870 cr IPO highlights how mega listings affect markets")
Markets gain amid bargain hunting; Sensex ends 592 points higher
The indices fell in the last two weeks amidst escalating tensions in the Middle East and sharp selloff by foreign portfolio investors
 "Markets gain amid bargain hunting; Sensex ends 592 points higher")
QIP fundraising hits record high this year; 71 firms mobilise Rs 88,678 cr
The gains in the equity markets, powered by robust flows from foreign and domestic investors have helped stocks command higher valuations
 "QIP fundraising hits record high this year; 71 firms mobilise Rs 88,678 cr")
