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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.
Data provided by depository NSDL revealed that Rs 44,950 crore of the total FPI flows last year went into primary issuances
The average listing gains stood at an encouraging 33 per cent, making the BSE IPO index the third-best-performing such index globally
Among the key themes identified by the brokerage are Make-in-India, defence, and energy transition
Weakness in finance stocks, nervousness ahead of Q3 results, valuation concerns weigh on sentiment
Not all new players, Kumar says, will be able to scale up profitably, and there will always be an opportunity for consolidation in the industry
The grey market premium (GMP) of Jyoti CNC, whose initial public offering (IPO) is opening on Tuesday, is at 23 per cent above its issue price
The number of demat accounts opened with CDSL and NSDL rose 28.7 % in the past year, from 108.1 mn to touch 139.2 mn
The company has decided on a rights entitlement ratio of six shares for every 179 fully paid-up equity shares held by the eligible equity shareholders as of the record date
HDFC Bank, which rose 1.03 per cent, contributed the most to Sensex gains, followed by Bajaj Finance, 4.4 per cent, and Infosys, which rose 1.5 per cent
IPO fundraising drops 17% Y-o-Y to 49,434 cr last year
Equity benchmarks decline amid profit-booking, Red Sea tensions
A buyback is a process a company employs to repurchase its shares from stakeholders
The Securities and Appellate Tribunal (SAT) is waiting for the appointment of a new judicial member as presiding officer
Sensex has gained 18.7 per cent, and the Nifty 20 per cent and debt funds have given single-digit returns
This is the first time that the Indian equity benchmarks have seen eight consecutive years of gains. The previous longest winning streak was from 1988 to 1994
Analysts attribute these gains in the newly listed stocks to buoyant secondary markets, the enthusiastic participation of retail investors in IPOs, and strong foreign portfolio investor flows (FPIs)
The Sensex began the session with a new high and rose to 72,484.34, to end at 72,410, a gain of 372 points or 0.5 per cent
This month, so far, the Nifty50 and the Sensex have scaled fresh peaks in nine and eight sessions, respectively. On an intraday basis, the Nifty50 has hit new highs in 12 sessions and the Sensex in 10
While there were no mainboard IPOs in the first two months of this year, the SME exchanges saw 21 issues during the same period
Foreign portfolio investors were net sellers in the first two months of 2023 but turned buyers in March amid moderating valuations