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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Investment bankers' fees to manage IPOs jump as issue size shrink in 2023
Industry experts note that the work required for an IPO remains consistent, regardless of the issue size
 "Investment bankers' fees to manage IPOs jump as issue size shrink in 2023")
Canada ranking slips a notch on top FPI source list amid rising tensions
But Canada-domiciled FPIs' AUC in India rose 1% month-on-month to Rs 1.8 trillion in Sep
 "Canada ranking slips a notch on top FPI source list amid rising tensions")
60% of top 500 stocks achieved their 12-month price target set by analysts
"Wherever there is momentum, liquidity is flowing in there, adding further to the momentum," said Ambareesh Baliga, an independent equity analyst
 "60% of top 500 stocks achieved their 12-month price target set by analysts")
Street Signs: Nifty support seen at 19,600, Buyback cushion for TCS & more
Shares of IRM Energy, a gas distributor, were commanding a grey market premium of close to 13 per cent ahead of its Rs 544 crore initial public offering (IPO)
 "Street Signs: Nifty support seen at 19,600, Buyback cushion for TCS & more")
Indian banks are facing a higher risk of defaults from unsecured loans: UBS
The note said the share of borrowers with more than five personal loans rose from 1 per cent in 2018 to 7.7 per cent in March 2023
 "Indian banks are facing a higher risk of defaults from unsecured loans: UBS")
Equity markets extend gains as oil prices, interest rate concerns ease
Brent crude prices dipped to just below $89 per barrel on the same day
 "Equity markets extend gains as oil prices, interest rate concerns ease")
Markets rebound on softer Fed tone, China stimulus; Sensex, Nifty rise 0.9%
The Sensex gained 567 points, or 0.9 per cent, to end the session at 66,079, while the Nifty50 index settled at 19,690 after rising 178 points, or 0.9 per cent
 "Markets rebound on softer Fed tone, China stimulus; Sensex, Nifty rise 0.9%")
Share lock-in period of nearly 17 IPOs to end this month, shows data
In most cases, it is the end of the 30-day lock-in period that anchor investors (on half their shares) have to observe
 "Share lock-in period of nearly 17 IPOs to end this month, shows data")
Mkts slump, oil prices rise on West Asia turmoil; Sensex, Nifty drop 0.7%
Oil prices soar about 4%; rupee hits record closing low
 "Mkts slump, oil prices rise on West Asia turmoil; Sensex, Nifty drop 0.7%")
Broader markets witness fresh turbulence amid Israel-Hamas conflict
This was the worst fall for the smallcap index since September 12, when it had tanked over 4 per cent
 "Broader markets witness fresh turbulence amid Israel-Hamas conflict")
Street Signs: Nifty's 19,300-19,800 range, IPO pot to keep boiling & more
With less than four months left for the review period to complete for the March rebalancing of the National Stock Exchange (NSE) Nifty indices
 "Street Signs: Nifty's 19,300-19,800 range, IPO pot to keep boiling & more")
Power, financial services stocks witness highest FPI selling in September
An analysis conducted by PRIME Infobase reveals the sectors where overseas funds turned the most bearish
 "Power, financial services stocks witness highest FPI selling in September")
Over 3 million demat accounts opened in Sept for second consecutive month
The country's two depository firms, Central Depository Services and the National Securities Depository, added about 3.1 million new accounts
 "Over 3 million demat accounts opened in Sept for second consecutive month")
Mop-up via pre-IPO placements hits at least 6-year high, shows data
Amount close to Rs 1,000 crore in 2023; bankers say deals now happening closer to IPO price
Markets gain for a second day as RBI maintains status quo on policy rates
Technology and financial stocks led the gains
 "Markets gain for a second day as RBI maintains status quo on policy rates")
Markets recover as crude oil prices plunge; Sensex, Nifty gain 0.6%
The benchmark Sensex climbed 405 points, or 0.62 per cent, to close at 65,632, while the Nifty 50 index advanced 110 points, or 0.56 per cent, ending the session at 19,546
 "Markets recover as crude oil prices plunge; Sensex, Nifty gain 0.6%")
India Inc raises 4.6 times more capital via QIP in H1FY24, shows data
Equity issuance in the first half reached Rs 73,747 crore, marking a 69 per cent increase year-on-year
 "India Inc raises 4.6 times more capital via QIP in H1FY24, shows data")
Calm Vix index seen flaring up in wake of Lok Sabha elections in 2024
Despite experiencing sharp intraday fluctuations in recent sessions, the VIX index has consistently settled below 12
Sensex, Nifty50 close at dip as US treasury yields hit highest since 2007
Market participants also exercised caution ahead of the Reserve Bank of India's upcoming monetary policy announcement
 "Sensex, Nifty50 close at dip as US treasury yields hit highest since 2007")
Unabated FPI selling pulls indices to 1-month low; now eyes on Q2 results
Yield on 10-yr US bond highest since 2007
 "Unabated FPI selling pulls indices to 1-month low; now eyes on Q2 results")