 "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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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
 "Street Signs: Nifty teeters on edge, tepid GMP for TVS Supply Chain & more")
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")
At 2.9 mn, new demat account additions hit 18-month high in July
10 IPOs with a prospective fund raise of Rs 8,000 cr will decide August trajectory
 "At 2.9 mn, new demat account additions hit 18-month high in July")
Markets fall for a third consecutive session; Sensex ends 542 points lower
Rising US bond yields spoil equity market party; Sensex hits one-month low
 "Markets fall for a third consecutive session; Sensex ends 542 points lower")
ADTV for equities cash market segment hits a 21-month high in July
F&O volumes log new highs, increase by 2.8 times over a year earlier
 "ADTV for equities cash market segment hits a 21-month high in July")
US rating downgrade by Fitch spooks markets; Sensex, Nifty slump 1.5%
While the latest downgrade triggered a selloff in equities, the bond market was relatively unscathed, which helped calm investors' nerves
Earnings disappointment, US Federal Reserve hike drag benchmark indices
Sensex, Nifty drop over 0.6% each
After missing 1st shot at listing, firms re-file DRHPs with lower size
Investment bankers said smaller issues are a relatively easy pitch for investors
 "After missing 1st shot at listing, firms re-file DRHPs with lower size")
BSE market capitalisation at new high after benchmark indices gain
The overall market breadth was positive during the day with 2,178 stocks advancing and 1,509 declining
 "BSE market capitalisation at new high after benchmark indices gain")
Street Signs: Markets enter bullpen, SBFC Finance GMP at over 60% & more
The National Stock Exchange has revised upward the penalties against those pumping excessive order messages, known as 'noise creators' in industry patois
 "Street Signs: Markets enter bullpen, SBFC Finance GMP at over 60% & more")
Motilal Oswal Financial Services founders commit 10% stake to philanthropy
As on Friday, the value of the shares pledged by Oswal and Agarawal stands at Rs 1,216 crore
 "Motilal Oswal Financial Services founders commit 10% stake to philanthropy")
Netweb Technologies India shares surge over 80% on stock market debut
The Delhi-based firm is now valued at Rs 5,113 crore, nearly 110x its FY23 net profit of Rs 47 crore
 "Netweb Technologies India shares surge over 80% on stock market debut")
Financial sector attracts bulk of FPI inflows in the first half of July
Meanwhile, chemical stocks saw selling worth Rs 207 crore, followed by metals and mining (Rs 157 crore) and textiles (Rs 156 crore)
Bluechip companies lift benchmark indices after three days of losses
RIL, L&T, ITC account for bulk of the gains