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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Markets slide on high US yields, West Asia woes; Sensex falls 826 points
Nifty logs worst session in seven months; broader markets see steeper fall
 "Markets slide on high US yields, West Asia woes; Sensex falls 826 points")
IPO filings remain robust in October despite recent turbulence in equities
August-October best period for DRHP filings in 2 years
 "IPO filings remain robust in October despite recent turbulence in equities")
FPIs hoist their sails as they head for calmer waters, shows data
Will they weather the tempest of withdrawing Rs 25,305 crore since September, or is a perfect storm brewing for Indian equities?
 "FPIs hoist their sails as they head for calmer waters, shows data")
Street Signs: Name change fails to cut ice, Blue Jet GM at 25%, and more
The NSE Nifty declined by 1.1% after posting marginal gains in the preceding two weeks amid geopolitical tensions in West Asia and rising yields
 "Street Signs: Name change fails to cut ice, Blue Jet GM at 25%, and more")
Power, building materials, IT stocks bear biggest brunt of FPI selloff
During the first fortnight of October, foreign portfolio investors (FPIs) withdrew Rs 2,069 crore from the power sector and around Rs 1,500 crore each from infrastructure and IT
 "Power, building materials, IT stocks bear biggest brunt of FPI selloff")
Indices fall for 3rd day on rising bond yields; Sensex ends 231 pts lower
Rising oil prices are considered a negative for Indian equities as India imports more than three-fourths of its oil requirements
 "Indices fall for 3rd day on rising bond yields; Sensex ends 231 pts lower")
Growing bets on India likely to sustain outperformance, say experts
One of the major reasons for the underperformance of EM peers is the underperformance of China, which has the biggest weight in the MSCI EM and MSCI Asia Pac ex-Japan indices
 "Growing bets on India likely to sustain outperformance, say experts")
Turmoil in West Asia keeps markets on edge, Sensex slips below 66,000
Oil prices climbed 1.2 per cent to nearly $94 per barrel after an explosion at a Gaza hospital jeopardised peace efforts in the Middle East
 "Turmoil in West Asia keeps markets on edge, Sensex slips below 66,000")
Investment bankers' fees to manage IPOs jump as issue size shrink in 2023
Industry experts note that the work required for an IPO remains consistent, regardless of the issue size
 "Investment bankers' fees to manage IPOs jump as issue size shrink in 2023")
Canada ranking slips a notch on top FPI source list amid rising tensions
But Canada-domiciled FPIs' AUC in India rose 1% month-on-month to Rs 1.8 trillion in Sep
 "Canada ranking slips a notch on top FPI source list amid rising tensions")
60% of top 500 stocks achieved their 12-month price target set by analysts
"Wherever there is momentum, liquidity is flowing in there, adding further to the momentum," said Ambareesh Baliga, an independent equity analyst
 "60% of top 500 stocks achieved their 12-month price target set by analysts")
Street Signs: Nifty support seen at 19,600, Buyback cushion for TCS & more
Shares of IRM Energy, a gas distributor, were commanding a grey market premium of close to 13 per cent ahead of its Rs 544 crore initial public offering (IPO)
 "Street Signs: Nifty support seen at 19,600, Buyback cushion for TCS & more")
Indian banks are facing a higher risk of defaults from unsecured loans: UBS
The note said the share of borrowers with more than five personal loans rose from 1 per cent in 2018 to 7.7 per cent in March 2023
 "Indian banks are facing a higher risk of defaults from unsecured loans: UBS")
Equity markets extend gains as oil prices, interest rate concerns ease
Brent crude prices dipped to just below $89 per barrel on the same day
 "Equity markets extend gains as oil prices, interest rate concerns ease")
Markets rebound on softer Fed tone, China stimulus; Sensex, Nifty rise 0.9%
The Sensex gained 567 points, or 0.9 per cent, to end the session at 66,079, while the Nifty50 index settled at 19,690 after rising 178 points, or 0.9 per cent
 "Markets rebound on softer Fed tone, China stimulus; Sensex, Nifty rise 0.9%")
Share lock-in period of nearly 17 IPOs to end this month, shows data
In most cases, it is the end of the 30-day lock-in period that anchor investors (on half their shares) have to observe
Mkts slump, oil prices rise on West Asia turmoil; Sensex, Nifty drop 0.7%
Oil prices soar about 4%; rupee hits record closing low
 "Mkts slump, oil prices rise on West Asia turmoil; Sensex, Nifty drop 0.7%")
Broader markets witness fresh turbulence amid Israel-Hamas conflict
This was the worst fall for the smallcap index since September 12, when it had tanked over 4 per cent
 "Broader markets witness fresh turbulence amid Israel-Hamas conflict")
Street Signs: Nifty's 19,300-19,800 range, IPO pot to keep boiling & more
With less than four months left for the review period to complete for the March rebalancing of the National Stock Exchange (NSE) Nifty indices
 "Street Signs: Nifty's 19,300-19,800 range, IPO pot to keep boiling & more")
Power, financial services stocks witness highest FPI selling in September
An analysis conducted by PRIME Infobase reveals the sectors where overseas funds turned the most bearish
