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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.
Highest in 12 months as rising bond yields trigger risk-off bets
Shares of RIL, the country's most valuable firm, fell 2.8 per cent and made a 246-point contribution to the Sensex decline
RIL and HDFC Bank contributed to over half of these gains
The hardening of US Treasury yields also weighed on sentiment and raised concerns about whether the Federal Reserve would lower interest rates at the same pace as the Street has priced
The promoter shareholding in Jio Financial Services, a unit spun off from Reliance Industries, has edged higher for a second straight quarter
Market players said muted participation from institutional investors weighed on the activity, with several counters logging muted volumes
The latest decline in the markets wiped Rs 4.59 trillion off investors' wealth. The India VIX -- gauge of volatility -- rose to its highest since March 2023, ending at 15.08
The Sensex crossed the 73,000 mark for the first time, the Nifty 50 index finished at 22,097
Experts said most investors are looking to cash in on intra-day opportunities in counters that are witnessing buying momentum
BSE IT index soars over 5%; analysts warn caution ahead
Data provided by depository NSDL revealed that Rs 44,950 crore of the total FPI flows last year went into primary issuances
One takeaway from last year is that most IPOs returned money to the investors, S Ramesh, Managing Director and CEO, Kotak Investment Banking, said
The average listing gains stood at an encouraging 33 per cent, making the BSE IPO index the third-best-performing such index globally
Among the key themes identified by the brokerage are Make-in-India, defence, and energy transition
Weakness in finance stocks, nervousness ahead of Q3 results, valuation concerns weigh on sentiment
Not all new players, Kumar says, will be able to scale up profitably, and there will always be an opportunity for consolidation in the industry
The grey market premium (GMP) of Jyoti CNC, whose initial public offering (IPO) is opening on Tuesday, is at 23 per cent above its issue price
The number of demat accounts opened with CDSL and NSDL rose 28.7 % in the past year, from 108.1 mn to touch 139.2 mn
The company has decided on a rights entitlement ratio of six shares for every 179 fully paid-up equity shares held by the eligible equity shareholders as of the record date
HDFC Bank, which rose 1.03 per cent, contributed the most to Sensex gains, followed by Bajaj Finance, 4.4 per cent, and Infosys, which rose 1.5 per cent