)
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.
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
The Brokers' Industry Standards Forum (ISF) is confronted with the formidable task of uniting a divided house on the matter of extending market hours
34 of 43 NBFC stocks decline; Nifty Bank index rises
Sensex ends above 74k for the first time; Nifty Smallcap drop 2%
Influx of new investors shows that more households are taking to direct investing
Analysts expect Nifty50 components to gain average 6.6%
Venkataraman observes that markets will also receive support from monetary easing globally
Market players anticipate that the positive momentum in the market, fuelled by better-than-expected domestic gross domestic product growth and softening US inflation data
Nifty sees 6th new high in 2 months
Overseas funds seen favouring less expensive Korea, Taiwan markets
Nervousness ahead of key data release
Supportive markets, robust growth outlook ensure adequate demand for new paper supply
Electric vehicle charging firm Exicom Tele-Systems' Rs 430 crore initial public offering (IPO) is likely to break the recent weak listing trend
At 28.97%, allocation lowest since 2018; Down from peak of 41.17%
Trend may draw foreign companies to India listing, while existing players assess potential of monetising stakes