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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Power, IT, capital goods stocks attract highest FPIs flows, shows data
Meanwhile, they were net sellers in metal stocks worth Rs 5,930 crore, financial services worth Rs 3,672 crore, and oil, gas and consumables worth Rs 1,778 crore
 "Power, IT, capital goods stocks attract highest FPIs flows, shows data")
2023 spells bonanza for IPO investors; only 1 out of 20 in the red
Avg listing day gain 34%; Avg IPO-to-date gain 46%
 "2023 spells bonanza for IPO investors; only 1 out of 20 in the red")
Nifty Midcap 100 index hits record high, crosses the 40,000-mark
Latest 5,000-points, or 15%, up move took less than three months
 "Nifty Midcap 100 index hits record high, crosses the 40,000-mark")
Trading volumes surge amid broader mkt buoyancy in Aug; F&O hits fresh high
Cash average daily turnover most in 22 months; BSE sees market-share gains
 "Trading volumes surge amid broader mkt buoyancy in Aug; F&O hits fresh high")
Street Signs: T+3 for IPOs is optional, grey market premium at 25% & more
Hotel stocks are expected to rise due to a robust demand outlook, thanks to significant events happening in the country
 "Street Signs: T+3 for IPOs is optional, grey market premium at 25% & more")
Indices rise most in 2 months on strong economic data; Sensex up 556 points
Benchmarks snap five-week losing streak as Chinese stimulus also boosts sentiment
Adani group companies' shares feel OCCRP pinch, decline by up to 4%
9 of 10 group stocks end in red, market capitalisation falls by Rs 36,000 crore
 "Adani group companies' shares feel OCCRP pinch, decline by up to 4%")
Market holds breadth strongly even as benchmark indices see a pullback
Gaining stocks outnumber those declining in August
 "Market holds breadth strongly even as benchmark indices see a pullback")
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
Markets post the fourth consecutive weekly loss, worst in 15 months
Chinese economic woes, monetary policy uncertainty pull indices
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")