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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.
The Sensex closed at 75,736, down 203 points (0.3 per cent), while the Nifty ended at 22,913, slipping 20 points (0.09 per cent). Both indices hit their lowest levels since January 27
On average, stocks that debuted last year are down 37 per cent from their peak levels
Despite a 23% drop from the peak, valuations still above long-term averages
Emkay anticipates a discretionary consumption recovery within two-to-three quarters, supported by a rebound in IT hiring, better liquidity conditions, and improved retail lending dynamics
Choppy markets, dropping valuations make post-IPO exits via block deals challenging
The Sensex, after declining by 645 points during the day, recovered to close at 75,997, marking a gain of 58 points, or 0.08 per cent, over Friday's close
Two companies planning to announce their initial public offering (IPO) plans last week have postponed them due to the ongoing selloff in the secondary markets
This week worst for Smids since Covid fall
India records the highest FPI equity sales among EMs
However, recover over a per cent from the day's low thanks to a recovery in global markets
Experts said Trump's threat could make India susceptible to reciprocal tariffs imposed by the US
Trump's threat to impose 25% tariffs on all steel, aluminium imports unsettles investors
STUCK IN NEUTRAL: New demat accounts sputter, slipping to a 14-month low of 2.84 million
Duggad says the benefits of the ₹1 trillion tax stimulus announced in the Union Budget will start to take effect from the first quarter (Q1) of 2025-26 (FY26)
Lack of measures to boost liquidity dents investor sentiment
Slowing corporate earnings, FPI outflows behind valuation reassessment, say experts
Among the sectors commanding the highest premiums are infrastructure, utilities, and consumer durables
US move to delay tariffs, China's response improve investor sentiment
Domestic equity losses limited but rupee expected to decline further; all eyes on MPC now
In contrast, one- and three-month returns have been relatively flat, with the Nifty delivering average gains of just 0.1 per cent and 1.7 per cent, respectively, over the past decade