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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.
Six straight year of gains on muhurat trading day
The average IPO size for Samvat 2079 stood at Rs 822 crore-lowest in four years-and over 60 per cent below last year's average of Rs 2,212 crore
But rising US bond yields cap gains
At 13.11 percentage points versus peak of nearly 50% in 2015
Market players say the record number of SME IPOs this year has been fuelled by retail euphoria underpinned by encouraging post-listing performance
The selling pressure was less intense in the broader markets
The Fed's dovish comments rekindled hopes of its rate-hiking campaign ending and spurred an equity rally across the globe
Shares of Mankind Pharma, SBFC Finance, and Fusion Micro Finance are likely to attract attention as the lock-in periods related to their initial public offerings (IPOs) come to an end
Snap two-week losing streak on softening US yields, Fed view
US bond yields retreat on signs the Federal Reserve may be done with tightening
The National Stock Exchange (NSE) Nifty Midcap 100 index fell 4.1 per cent, the most since June 2022
The Nifty fell 2.8 per cent in October, and the Sensex by 3 per cent, their biggest fall since December 2022
Superior earnings growth macro-stability make India a standout major global market, say market mavens
Chairman Rajaraman says banking and fund ecosystem at Gift City very robust
Modi says that the account aggregator framework will be the next game changer for the industry
Bears have tightened their grip on the market, with the National Stock Exchange Nifty50 declining nearly 5 per cent in just six trading sessions before seeing a slight recovery on Friday
Some of the large offerings this year have been PNB Housing Finance's Rs 2,500-crore rights issue in April followed by Capri Global Capital (Rs 1,440 crore), and Piramal Pharma (Rs 1,050 crore)
Joins Morgan Stanley, CLSA, Nomura on hiking India exposure
Nifty ended the session at 19,047, with a gain of 190 points or 1.01 per cent
Losing run extends to 6th day amid worries over US yields, Israel-Hamas war