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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.
The performance of banking stocks is likely to weigh on the markets
Stocks opened gap-up after a sharp rally on the Wall Street overnight, and managed to hold on to most gains despite banking stocks, the index heavyweights, underperforming
The Sensex rose 606 points, or 1.9%, to end at 32,720 - the highest close since March 13
The rebalancing is scheduled to take place on May 12 and the changes will become effective from June 1
Sensex falls 1,011 points, Nifty closes below 9k
Home ministry had chided state for allowing prohibited activities
In simpler terms, each day of April, on an average, there have been two stocks that close with gains for every one stock that ends with losses
Private sector lender IndusInd Bank has caught the fancy of overseas investors
Last week, the indices had rallied 13 per cent and were on the cusp of a bull market - a term used for a 20% rise from recent lows
The weak opening of the European markets and a sharp deprecation in the rupee against the dollar weighed on stock prices
Sentiment improves as virus spread shows signs of slowing
Sensex rebounds 15% in three days from recent lows
The Sensex jumped 1,862 points to end at 28,536, while the Nifty50 index rallied 517 points, or 6.6 per cent, to settle at 8,318 - the biggest single-day gains for the benchmark indices since May 2009
To avert a global recession, most central banks have announced measures worth trillion of dollars.
Most stocks continued to see volatile moves because of the uncertainty created by the coronavirus pandemic
Concerns about the spread of coronavirus continued to accelerate. As of Wednesday, 151 cases were reported in the country
Nifty hit lower circuit in opening session, halting trade for 45 minutes. Indices see sharpest recovery; Sensex rebounds 5,000 pts from day's low.
Sensex tumbles 2,919 points, biggest-ever in absolute terms. Over Rs 11 trillion worth of investor wealth wiped out. Global stock rout deepens amid growth concerns
Benchmark indices enter correction territory; rupee near 74 against dollar
The 100-million share offering generated close to 2.7 billion bids