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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.
If grey market activity is any indication, the subsidiary of Bharti Airtel could list at Rs 610, slightly above the initial public offering (IPO) price range of Rs 542-570
Nifty Smallcap 100 index finished FY24 with a gain of nearly 70 per cent, outperforming the benchmark Nifty by 41 percentage points
The S&P BSE IPO Index, a gauge tracking the after-listing performance of newly listed companies, has risen by 69 per cent in this financial year
Weak ADR reading for the past two months is a sign that the market exuberance has cooled off a bit
Despite the recent selloff, the Nifty Smallcap 100 and the Nifty Midcap 100 indices gained 70 per cent and 60 per cent, respectively
Reliance Industries rose 3.6 per cent to close at Rs 2,984, becoming both the biggest gainer and the biggest contributor to the Sensex and Nifty gains
Mobilisation of IPO in FY24 surged 58 per cent compared to FY23, excluding the mega LIC IPO
Investors should not take long-term positions in SME IPOs unless they are familiar with the sector and the company, analyst cautions
Analysts said large part of the flows into the FMCG sector were due to the block deal in ITC, where the British American Tobacco (BAT) sold a 3.5 per cent stake for around Rs 17,000 crore
The Nifty finished at 22,012, with a gain of 173 points, or 0.8 per cent
Over the next 10 to 15 years, the REIT, INVIT and muni bond market will be as large as our equity markets, says Buch
The Sensex fell 736 points, or 1.01 per cent, to close at 72,012
Analysts termed Monday's fall as a knee jerk reaction and said the group stocks could gain as the conglomerate has got a clean chit vis-a-vis the allegations by Hindenburg Research
Any trader with a liability of over Rs 10,000 in the form of capital gains had to pay advance tax this month. Additionally, losses can be set off against capital gains
Benchmark indices see worst weekly slump in five months
The Nifty midcap 100 rose 2 per cent, while the Nifty Smallcap 100 gained 3.5 per cent. Both indicies had plunged about 5 per cent each a day earlier in what was their worst performance in two years
Analysts said elevated valuations in the small and mid-cap segment have been a concern for a while, but the strong message and the recent action by the regulator intensified the selling pressure
The drop in the smallcap index comes even as the benchmark Nifty logged a fresh record high in an earlier session
Nervousness ahead of crucial data pull indices down
An analysis by Elara Capital indicates that the PSU sector performs well during election years