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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Raymond Lifestyle stock jumps 4% after Motilal Oswal's 'buy' rating
Revenue, profit to grow 11%, 15% CAGR between FY24 and FY27, says the brokerage
 "Raymond Lifestyle stock jumps 4% after Motilal Oswal's 'buy' rating")
5th month adrift: Mkt currents pull ADR below 1, charting course of unease
Fifth month adrift: ADR remains anchored in negative waters as Sensex and Nifty sail near a 15% gain
 "5th month adrift: Mkt currents pull ADR below 1, charting course of unease")
Foreign portfolio investor exodus: Financial sector bears the brunt
The velocity of the selling was so high that barely any sector was spared. However, metals and utilities still managed marginal inflows
 "Foreign portfolio investor exodus: Financial sector bears the brunt")
Mkts end in red for 3rd straight week; FPI selloff in October tops $9 bn
Longest weekly losing streak in 14 months
 "Mkts end in red for 3rd straight week; FPI selloff in October tops $9 bn")
QIBs come to rescue of Hyundai India IPO; country's largest IPO booked 2.4x
The IPO received bids for 236 million shares, worth Rs 46,320 crore, as against 99.77 million on offer
 "QIBs come to rescue of Hyundai India IPO; country's largest IPO booked 2.4x")
FPI selling pulls indices down for 3rd straight day; Sensex falls 495 pts
At Rs 71,441 cr, outflows worst-ever for a calendar month
 "FPI selling pulls indices down for 3rd straight day; Sensex falls 495 pts")
Auto major Hyundai Motor India's IPO subscribed 42% a day before close
In its IPO, Hyundai Motor India Limited (HMIL) is seeking a valuation of 26.3 times its 2023-24 (FY24) earnings, approximately 10 per cent lower than the market leader, Maruti Suzuki India Limited
 "Auto major Hyundai Motor India's IPO subscribed 42% a day before close")
Fresh vs OFS: Hyundai Motor India's mega IPO set to upend 2024 skew
Share of fundraising via fresh issuances so far is highest in 12 years
 "Fresh vs OFS: Hyundai Motor India's mega IPO set to upend 2024 skew")
Hyundai's Rs 27,870 cr IPO highlights how mega listings affect markets
Experts attribute this phenomenon to large IPOs absorbing market liquidity, subsequently weighing on the overall market performance
 "Hyundai's Rs 27,870 cr IPO highlights how mega listings affect markets")
Markets gain amid bargain hunting; Sensex ends 592 points higher
The indices fell in the last two weeks amidst escalating tensions in the Middle East and sharp selloff by foreign portfolio investors
 "Markets gain amid bargain hunting; Sensex ends 592 points higher")
QIP fundraising hits record high this year; 71 firms mobilise Rs 88,678 cr
The gains in the equity markets, powered by robust flows from foreign and domestic investors have helped stocks command higher valuations
 "QIP fundraising hits record high this year; 71 firms mobilise Rs 88,678 cr")
Active investors on NSE surge 44% to nearly 50 mn amid market rally
The surge in active clients is underpinned by the rally in the markets, with the Nifty 50, Nifty Midcap 100, and the Nifty Smallcap 100 indices gaining over 25 per cent each
 "Active investors on NSE surge 44% to nearly 50 mn amid market rally")
Markets decline for second consecutive week; Sensex ends 230 points lower
Only 3rd such instance for Nifty this year
 "Markets decline for second consecutive week; Sensex ends 230 points lower")
Demat account tally tops 175 mn; rises by 4.4 mn in September 2024
Market experts view the steady pace of demat additions as a positive sign for market stability
 "Demat account tally tops 175 mn; rises by 4.4 mn in September 2024")
Domestic markets drop 1% from day's high amid sustained FPI selling
Global headwinds and FPIs outflows outweighed the positive sentiment triggered by RBI signalling rate cut in its next meeting
Markets snap six-session losing streak; Sensex up 584 pts, Nifty tops 25K
Indices up about 1% as China rally loses steam
FPIs squeeze markets for a sixth day; Sensex ends 639 points lower
FPIs sold shares worth nearly Rs 8,300 crore, extending their month-to-date selling to almost Rs 40,000 crore
 "FPIs squeeze markets for a sixth day; Sensex ends 639 points lower")
Froth rising? Midcap and smallcap valuations on brink of overflow
Liquidity and earnings the midcaps' moment of truth
 "Froth rising? Midcap and smallcap valuations on brink of overflow")
Mkts suffer worst week in over 2 yrs; West Asia crisis weighs on sentiment
FPIs net sell Rs 37,088 cr shares this week amid major shift to China
 "Mkts suffer worst week in over 2 yrs; West Asia crisis weighs on sentiment")
Over Rs 9 trillion wiped out as Sensex and Nifty crash over 2% each
Tensions in West Asia, FPI selling lead to biggest 1-day fall in 2 months
 "Over Rs 9 trillion wiped out as Sensex and Nifty crash over 2% each")