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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.
Group loses $50 bn in m-cap in two sessions; Contagion fear drags market, banking stocks
The benchmark index is on course for its worst five-day show since the Covid pandemic began in 2020
Nifty50 down 1.3%; Bank Nifty slips 2.5%; FPIs withdraw Rs 2,394 cr
Fillip to infrastructure, tax sops for salaried among expectations
The markets on a technical basis are poised to break out in either direction
Rate hikes, elevated valuation, and China reopening lead to reallocation of funds
Currently, the Nifty's 20-DEMA is around 18,080. If the index manages to surpass this key hurdle, it may see further upward movement, observe analysts
India's outperformance vis-a-vis other markets happened in a year that witnessed high inflation, rising interest rates, and a bloody war in Europe
BSE PSU index gained 41% and 23% in 2021 and 2022, respectively
Interestingly, in 2022 India also broke into the top-five league in terms of market capitalization
FPIs sell shares worth Rs 2,109 crore
Hopes of softer Fed hikes and China's reopening has D-Street upbeat
Rising credit growth, falling NPAs responsible for the pivot
The upfront margins were first introduced in 2020 and the thresholds raised in a phased manner. Traders were mandated to keep 25 per cent of the margin money between December 2020 and February 2021
Investors are hoping that the quarterly earnings of companies will bring some cheer to markets which had a choppy first week in 2023
FPIs sold shares worth Rs 2,902 cr, according to provisional data from exchanges
SME segment has a higher share than mainboard companies
The Nifty fell 189 points to end the session at 18,043 a decline of 1.04 per cent
97% of companies were above mark when indices hit all-time high in Oct '21, against just over 55% presently
RIL rose 1.06 per cent and contributed the most to the Sensex, followed by ICICI bank, which rose 1.3 per cent