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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Rs 60,000 crore & counting: Large deals climb to record high in August
The surge in activity comes even as the benchmark Nifty50 has come off by over 3 per cent from its highs on July 20
 "Rs 60,000 crore & counting: Large deals climb to record high in August")
French banking major BNP Paribas looks to sell retail broking arm Sharekhan
BNP's acquisition was completed in 2016 after receiving approvals from all regulatory authorities
 "French banking major BNP Paribas looks to sell retail broking arm Sharekhan")
6 firms raise Rs 4,269 crore through IPOs in August alone, shows data
Investors dig deep into a mine of opportunity
 "6 firms raise Rs 4,269 crore through IPOs in August alone, shows data")
Street Signs: Bearish momentum may continue, the Zee-Sony trade & more
Analysts also do not rule out a range-bound movement and consolidation around current levels until a definitive breakthrough occurs on either side
 "Street Signs: Bearish momentum may continue, the Zee-Sony trade & more")
Another weak week: Indices end in losses over 5 trading sessions again
Inflation concerns make mood sombre on the Street
 "Another weak week: Indices end in losses over 5 trading sessions again")
Increased surveillance by Sebi, stock exchanges ruins microcap party
Nearly two-thirds of sector stocks have underperformed smallcap index so far this year
 "Increased surveillance by Sebi, stock exchanges ruins microcap party")
TVS Supply Chain makes tepid debut on bourses, IPO subscribed 2.8 times
The stock opened at Rs 206, 4.6 per cent above its issue price of Rs 197
 "TVS Supply Chain makes tepid debut on bourses, IPO subscribed 2.8 times")
Street Signs: Aeroflex GMP surges over 60%, direct MF platform norms & more
While the VIX reading still remains a benign 12, the recent surge suggests a bearish turn in sentiment, according to analysts
 "Street Signs: Aeroflex GMP surges over 60%, direct MF platform norms & more")
Markets post the fourth consecutive weekly loss, worst in 15 months
Chinese economic woes, monetary policy uncertainty pull indices
 "Markets post the fourth consecutive weekly loss, worst in 15 months")
Mkts slip on Fed rate hike talk; Sensex falls 388 pts, lowest since June 30
On Wednesday, Fitch Ratings said it may reconsider China's sovereign credit score and extend its balance sheet to support the economy
 "Mkts slip on Fed rate hike talk; Sensex falls 388 pts, lowest since June 30")
Market to see a period of consolidation, says Kotak Institutional Equities
The brokerage said the market may find support from stable global interest rates over the next 2-3 quarters, given the sharp fall in headline inflation in the US
Fundraising through SME IPOs hits a new high in 2023, shows data
The SME segment is for smaller enterprises raising lower amounts, while the mainboard is for listing larger, more mature companies
 "Fundraising through SME IPOs hits a new high in 2023, shows data")
Street Signs: Nifty teeters on edge, tepid GMP for TVS Supply Chain & more
Nifty experienced its third consecutive weekly decline on Friday, fuelled by concerns about India's inflation trajectory and weak global cues
Nine companies filed for IPOs in July, the highest since March 2023
Only five companies launched their IPOs in the first five months of 2023
 "Nine companies filed for IPOs in July, the highest since March 2023")
Banking, FMCG stocks drag benchmark indices to third straight weekly loss
RBI's I-CRR move, hawkish remarks by Fed official, China debt woes add to investor concerns
 "Banking, FMCG stocks drag benchmark indices to third straight weekly loss")
Benchmarks fall on inflation concerns; bank, consumer stocks underperform
Analysts termed the RBI's move a sign of higher diligence towards rising prices and said banks would end up parking more funds with the RBI for which they won't be earning interest
Financial services attract bulk of FPI flows in July's second half
They also bought shares worth Rs. 1,609 crore in auto and auto components and Rs. 1,520 in construction stocks
 "Financial services attract bulk of FPI flows in July's second half")
Domestic ownership falls 1st time in 7 quarters, rise in foreign investment
FPI shareholding rises by 7 bps on the back of Rs 1 trillion investment during June 2023 quarter
 "Domestic ownership falls 1st time in 7 quarters, rise in foreign investment")
Foreign portfolio investors: The back-seat driver in market dashboard
Flows go into reverse gear on rising US bond yields
 "Foreign portfolio investors: The back-seat driver in market dashboard")
Markets gain after 3 days of losses, HDFC Bank, RIL account for half gains
Sensex, Nifty50 post 2nd weekly loss, gains for mid and small-caps
 "Markets gain after 3 days of losses, HDFC Bank, RIL account for half gains")