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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Cracking the investment strategy: FPIs are bullish on finance, auto stocks
Financial services saw maximum buying at Rs 9,289 crore, followed by auto stocks at Rs 3,997 crore and consumer services at Rs 1,931 crore
 "Cracking the investment strategy: FPIs are bullish on finance, auto stocks")
Indices end lower as investors brace for Federal Reserve's monetary policy
Sensex, Nifty dip for second day in a row but manage to eke out weekly gains
 "Indices end lower as investors brace for Federal Reserve's monetary policy")
India Inc's profit-to-GDP ratio dips slightly in FY23; financial pie up
Commodity firms' bottomline taking a hit primary reason
 "India Inc's profit-to-GDP ratio dips slightly in FY23; financial pie up")
IKIO Lighting IPO gets subscribed 66.3 times on concluding day of issue
The company manufactures LED lighting, refrigeration lights and other products
 "IKIO Lighting IPO gets subscribed 66.3 times on concluding day of issue")
Shares of Paytm rally 6.2% following an upgrade by BofA Securities
Paytm has a cash balance of nearly Rs 8,270 crore, over 15 per cent of its market capitalisation
 "Shares of Paytm rally 6.2% following an upgrade by BofA Securities")
Demat account openings rise in May, total count at new high of 118.2 mn
2.1 mn new accounts added, up 32% MoM from 1.6 mn in April, and in line with previous 12-month average of 2 million
 "Demat account openings rise in May, total count at new high of 118.2 mn")
IT stocks witness fresh turbulence; posts biggest decline in nearly 2 mths
Software firm EPAM's guidance cut fresh trigger; underscores weak discretionary spending, say analysts
 "IT stocks witness fresh turbulence; posts biggest decline in nearly 2 mths")
Heavyweights lift benchmarks; Sensex less than 1% away from all-time high
Shares of oil marketing companies fell close to a per cent, while oil producer ONGC gained 0.5 per cent, while RIL gained 0.9 per cent
 "Heavyweights lift benchmarks; Sensex less than 1% away from all-time high")
Indices near record fresh lifetime highs as buoyancy returns to markets
The laggards include realty, power and IT stocks
 "Indices near record fresh lifetime highs as buoyancy returns to markets")
Street Signs: Spotlight on IKIO, CSK hits unlisted market for a six & more
Chennai Super Kings (CSK) is a champion in the unlisted market. Shares of CSK have rallied more than 10 per cent following its surprise victory in the recently concluded IPL
 "Street Signs: Spotlight on IKIO, CSK hits unlisted market for a six & more")
Indices end week in the green after US averts default; Sensex up 119 points
Strong May sales saw automobile stocks outperform on Friday. Maruti and Mahindra & Mahindra gained 1.73 per cent and 1.7 per cent, respectively
 "Indices end week in the green after US averts default; Sensex up 119 points")
Trading activity picks up pace in May amid buoyancy in the markets
Cash segment turnover hits 8-month high in May
 "Trading activity picks up pace in May amid buoyancy in the markets")
Mkts dip ahead of vote on US debt ceiling, benchmark indices shed 0.5% each
Indices snap their four-day winning streak; MSCI rejig adds to volatility
 "Mkts dip ahead of vote on US debt ceiling, benchmark indices shed 0.5% each")
Markets log third straight monthly advance amid sustained FPI inflows
The Sensex and the Nifty50 rose more than 2% each in May, extending their three-month gain to 5%
Optimism on the Street: Nifty Bank hits new record as indices gain
With banking stocks leading the gains, the Bank Nifty hit a new high of 44,375 points, a gain of 357 points or 0.8 per cent
 "Optimism on the Street: Nifty Bank hits new record as indices gain")
Street Signs: IPO market to feel June burn, No mountain too high for Nifty
The initial public offering (IPO) market has yet to benefit from the gains in the secondary market in recent months. The IPOs of IKIO Lighting and JG Chemicals may hit the market next month
Indices gain nearly 1% to end week at 5-month high; Sensex up 629 points
The market breadth was strong, with 1,907 stocks gaining and 1,600 declining
Raising bets: FPI buying in Indian shares at nine-month high in May
Net buyers of equities worth Rs 37,317 crore in May, highest since Aug 2022
 "Raising bets: FPI buying in Indian shares at nine-month high in May")
Adani stocks get fresh boost as GQG ups wager, post gains third day on trot
US investment firm says it has raised stakes in Adani group firms; Group mcap now only 44% below pre-Hindenburg levels
 "Adani stocks get fresh boost as GQG ups wager, post gains third day on trot")
India's IPO mop-up so far sees sharp drop versus global peers in 2023
Domestic market share in amount raised globally falls to 0.9% versus five-year average of 2.9%
 "India's IPO mop-up so far sees sharp drop versus global peers in 2023")
