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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.
Ahead of its initial public offering, shares of Sanstar are trading at a premium of 40 per cent in the grey market
Indices see 6th weekly winning run; FPIs bullish amid Fed rate cut hopes
The Japan-based brokerage said the surge in retail flows into domestic mutual funds over the years has been driven by structural factors like under-allocation to equities
Sharp rebound from election-result day lows is being driven by hopes of policy continuity, foreign portfolio investors (FPIs) turning net buyers again, and strong macroeconomic numbers
M&M, Tata Motors also drive up gains despite strong hybrid absence
Analysts: upside in the markets from here will be driven by earnings growth
Chhaochharia discusses factors impacting the markets and the economy
The demand for both issuances reflects the positive sentiment among investors and could be a harbinger for more initial public offerings (IPOs) in the coming weeks, said industry players
The losses in HDFC Bank came after the private sector lender reported a sequential decline in loans during the June quarter
It may climb even higher amid hopes of Fed rate cut
The worst impact is seen on discount brokerages that currently pocket a neat spread between what they charge their end-clients and what they pay the exchanges as charges
The Nifty50 index closed at 24,142, rising 131 points, or 0.5 per cent. Both Sensex and Nifty surpassed their previous closing highs on Thursday
2,425 stocks muscle their way to new peaks
Bhatt says India stands out globally because of its financial discipline
The gains come amid the background of strong economic data and optimism around the functioning of the new government
The Nifty closed at 24,011, down 34 points, or 0.14 per cent, as gains in Reliance Industries (RIL) were offset by losses in banking
FPI buying, gains in RIL, IT pack help indices log new highs for a 10th time in June
The Sensex ended the session at 78,674, gaining 621 points or 0.8 per cent, while the Nifty 50 index ended at 23,869, up 147 points or 0.6 per cent
Drop in shareholdings highest in at least 12 quarters
Sustained foreign helps indices log best day in over than two weeks