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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Rs 1 trn m-cap club hits half-century in 2022 despite muted gains in Sensex
It's a sign of gains in equity markets being lopsided, say analysts
 "Rs 1 trn m-cap club hits half-century in 2022 despite muted gains in Sensex")
Street signs: Mean revision in TaMo DVR, GMPs for Elin & KFin, and more
Since November, shares of Tata Motors have remained flat, while the DVR has crashed 14 per cent. The grey market premiums (GMPs) for the two IPOs that open this week are mixed
Markets extend losses amid recession fears, indices dip second week on trot
Commentary by central banks on their resolve to tame inflation rattles investors, who were hoping that interest rates have peaked
Markets tumble as Federal Reserve retains hawkish tone; Sensex drops 1.4%
Wall Street's main stock indices were down more than 2 per cent in early trade
 "Markets tumble as Federal Reserve retains hawkish tone; Sensex drops 1.4%")
IRCTC offer for sale oversubscribed, but stock declines more than 6%
Investors fear supply overhang; Centre has now reduced stake in firm by 25% in 3 years
 "IRCTC offer for sale oversubscribed, but stock declines more than 6%")
Investors disappointed as 'open market' share buybacks lack punch
Actual acquisition cost 20% below max buyback price under open market route
 "Investors disappointed as 'open market' share buybacks lack punch")
KFin IPO to hit market on Dec 19, issue sized reduced to Rs 1,500 cr
Financial services platform provides solutions to asset managers and corporate issuers
 "KFin IPO to hit market on Dec 19, issue sized reduced to Rs 1,500 cr")
Volatile Indian equity markets, flows capping downside: BofA on 2023
Revival in China's economic growth and policies could shrink this premium
 "Volatile Indian equity markets, flows capping downside: BofA on 2023")
Buybacks jump 2.6 times this year as stocks take a tumble, shows data
51 companies have announced Rs 37,519-crore buybacks so far
 "Buybacks jump 2.6 times this year as stocks take a tumble, shows data")
Street Signs: FPIs dial back wagers, grey mkt premiums for IPOs, and more
Foreign portfolio investors (FPIs) have scaled back their bullish bets, nearly triggering a 500-point fall in the Nifty50 Index
 "Street Signs: FPIs dial back wagers, grey mkt premiums for IPOs, and more")
Foreign outflows, weak IT sector stocks weigh on benchmark indices
Sensex declines in 4 out of 5 sessions in the week, Nifty50 in 3 sessions
 "Foreign outflows, weak IT sector stocks weigh on benchmark indices")
Demat additions lukewarm despite market's extended run in November
About 1.8 million new accounts added, 20% below monthly average for calendar 2022
 "Demat additions lukewarm despite market's extended run in November")
November report card: Banking, finance stocks dominate FPI flows
A moderation in new non-performing loans (NPL), improvement in margins, and loan growth are attributed as the reasons for the bullishness in banking stocks
 "November report card: Banking, finance stocks dominate FPI flows")
Rally in PSU banks to sustain on higher margins, loan surge: Morgan Stanley
Brokerage raises price targets for non-SBI state-owned banks
 "Rally in PSU banks to sustain on higher margins, loan surge: Morgan Stanley")
Morgan Stanley upgrades Chinese equities as country eases Covid curbs
Economic recovery likely to be bumpy as earnings pressure continues, says brokerage
 "Morgan Stanley upgrades Chinese equities as country eases Covid curbs")
Cash turnover up 17% in Nov: In buoyant mkt, trading volume sees recovery
The ADTV for the futures and options segment (both NSE and BSE combined) stood at Rs 147.5 trillion - a gain of 2 per cent MoM
 "Cash turnover up 17% in Nov: In buoyant mkt, trading volume sees recovery")
We expect markets to now track underlying earnings growth: Gautam Duggad
We believe the valuations at 20.5x one-year forward price-to-earnings for the Nifty50 Index are not exorbitantly expensive, but they aren't cheap either
 "We expect markets to now track underlying earnings growth: Gautam Duggad")
Street Signs: Likely shift to broader market, PVC pipe firms to gain & more
After a sustained run, the benchmark Nifty is likely to move sideways and action could shift to the broader market
 "Street Signs: Likely shift to broader market, PVC pipe firms to gain & more")
Sensex, Nifty snap eight-day winning streak ahead of US jobs data
Both shed 0.6% but end in green for second straight week; Broader markets play catch-up
Tata Play becomes first firm to file confidential papers with Sebi for IPO
Offer document open to scrutiny only by regulator, exchanges; the Walt Disney Company-led firm eyeing a Rs 3,000-crore IPO
 "Tata Play becomes first firm to file confidential papers with Sebi for IPO")
