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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Biggest single-day slump for markets in 3 months; Sensex falls 1,093 pts
The dollar in the last three sessions rose 0.7 per cent against the rupee
 "Biggest single-day slump for markets in 3 months; Sensex falls 1,093 pts")
Harsha Engineers International IPO subscribed 10.35 times on Day 2 of issue
The company allotted 68.4 lakh shares at Rs. 330 per share
 "Harsha Engineers International IPO subscribed 10.35 times on Day 2 of issue")
US inflation sends markets on a wild ride; FPIs pull out Rs 1,400 crore
Sensex swings 1,232 points before settling 224 points lower; FPIs pullout Rs 1,400 cr
 "US inflation sends markets on a wild ride; FPIs pull out Rs 1,400 crore")
Harsha Engineers' IPO subscribed 2.8 times on Day 1 of bidding process
The institutional investor portion was subscribed 0.06 times, the high net worth individual (HNI) portion by 5.8 times
 "Harsha Engineers' IPO subscribed 2.8 times on Day 1 of bidding process")
Nifty reclaims 18K mark, settles at 8-month high; FPIs pump in Rs 1,956 cr
Sensex less than 2% shy of new lifetime high
 "Nifty reclaims 18K mark, settles at 8-month high; FPIs pump in Rs 1,956 cr")
Mutual funds cut flab in RIL, Airtel to bet on blue chips in August
Industry players said domestic funds decided to book profits on valuation concerns around strong influx of foreign flows
 "Mutual funds cut flab in RIL, Airtel to bet on blue chips in August")
Smaller i-banks join big-fat IPO party; large players get picky
Many are beefing up their investment banking teams and pitching for deals which otherwise would have gone to larger banks
Street signs: Tech stocks buyback, Bengaluru real estate, and more
Experts say valuation comfort and the buzz around large buybacks have jump-started interest in IT stocks
 "Street signs: Tech stocks buyback, Bengaluru real estate, and more")
Indices see best weekly gains in over a month; IT, pvt bank stocks lead
Both indices ended the day off their intraday highs, with the Sensex finishing at 59,793, up 105 points or 0.18 per cent, while the Nifty50 at 17,833, up 35 points or 0.2 per cent
 "Indices see best weekly gains in over a month; IT, pvt bank stocks lead")
Global cues, low crude oil prices lift indices; Sensex gains 659 points
The Nifty, on the other hand, ended the session at 17,798, with a gain of 174 points, or 0.9 per cent
 "Global cues, low crude oil prices lift indices; Sensex gains 659 points")
It's raining IPOs as markets rebound; 7 firms plan to raise Rs 10,425 cr
In August, 7 companies file DRHPs to raise Rs 10,425 cr - the most in 5 months
Financials, FMCG get nearly half of FPI flows in August, says report
Despite the positive flows, the allocation in IT at 10.7 per cent dropped for the fifth consecutive month and is the lowest since March 2018
 "Financials, FMCG get nearly half of FPI flows in August, says report")
Dreamfolks Services' shares jump nearly 42% in stock market debut
The successful listing follows a strong response to the company's maiden share sale, which had garnered nearly 57 times subscription last month
 "Dreamfolks Services' shares jump nearly 42% in stock market debut")
Tamilnad Mercantile Bank IPO subscribed 0.8x on first day of issue
TMB is looking to issue 15.84 million fresh shares in the IPO. At the upper end of the price band, the bank will raise Rs 832 crore and will be valued at Rs 8,314 crore
 "Tamilnad Mercantile Bank IPO subscribed 0.8x on first day of issue")
Street Signs: GMP of TMB, DreamFolks positive, market trend positive & more
Analysts recommend traders to maintain a bullish bias and buy on dips
 "Street Signs: GMP of TMB, DreamFolks positive, market trend positive & more")
Resilient markets, positive FPI flows lift market volume in August
If domestic indicators are remedying, don't sweat the external factors, say analysts
 "Resilient markets, positive FPI flows lift market volume in August")
Amid global selloff, markets see intraday wild swings, Sensex down1,015 pts
The benchmark Sensex opened gap-down 827 points (down 1.4 per cent), then went on to fall -1,015 points, or 1.7 per cent over its previous day's close
Small-caps outperform large-caps but fail to match mid-caps in August
The Nifty Smallcap 100 Index rose 4.9 per cent. By comparison, the Nifty50 Index rose 3.5 per cent and the Nifty Midcap 100 soared 6.2 per cent
 "Small-caps outperform large-caps but fail to match mid-caps in August")
Disappointing GDP data, weak global cues to weigh on market sentiments
Analysts said there are signs of the waning of the intensity of tailwind generated by economic reopening
 "Disappointing GDP data, weak global cues to weigh on market sentiments")
Markets log 3rd highest monthly FPI inflows since Covid outbreak in August
Foreign investors pump in Rs 51,000 cr; near-term flows to hinge on rupee, bond movements
 "Markets log 3rd highest monthly FPI inflows since Covid outbreak in August")
