Sundar Sethuraman

Stories by Sundar Sethuraman

SBI eyes Rs 25,000 crore via record QIP, sets floor at 2.5% discount

SBI eyes Rs 25,000 crore via record QIP, sets floor at 2.5% discount

Rediff.com   3 days ago

State Bank of India (SBI), the largest lender in the country, has launched a share sale to institutional investors to raise upto Rs 25,000 crore, the biggest qualified institutional placement (QIP) so far by an Indian firm, and has set a floor price of Rs 811.05, which is at a 2.5 per cent discount on Wednesday's closing price.

IPO Pipeline Swells with 118 DRHPs

IPO Pipeline Swells with 118 DRHPs

Rediff.com   11 Jul 2025

Experts say the robust filing suggests the second half of the year will see large-scale issuances, provided the markets remain supportive.

Promoter holdings in private listed firms drop 600 bps to 37% since 2021

Promoter holdings in private listed firms drop 600 bps to 37% since 2021

Rediff.com   9 Jul 2025

Promoters of India's top private listed companies have cut their stakes sharply since 2021, taking advantage of elevated valuations and reshaping ownership dynamics in the market. Holdings of promoters in the top 200 privately owned listed firms declined nearly 600 basis points (bps) to 37 per cent at the end of FY25, from 43 per cent in FY21.

Why Is SEBI Probing A Trading Giant?

Why Is SEBI Probing A Trading Giant?

Rediff.com   21 Jun 2025

Sebi's probe against Jane Street is part of its efforts to mitigate losses for individual derivative traders.

A pause, then a pulse in demat growth

A pause, then a pulse in demat growth

Rediff.com   16 Jun 2025

About 2.2 million new dematerialised (demat) accounts were opened in May, raising the total to 196.6 million as stock prices continued their upward trend.

For Now DIIs In Driver's Seat...

For Now DIIs In Driver's Seat...

Rediff.com   16 May 2025

The interplay between domestic and foreign capital will shape India's equity markets.

Where Have All The Share Buybacks Gone?

Where Have All The Share Buybacks Gone?

Rediff.com   15 May 2025

Without changes to the taxation rules, buybacks are expected to remain scarce.

Indian markets spring back to life with best weekly gains since 2021

Indian markets spring back to life with best weekly gains since 2021

Rediff.com   18 Apr 2025

Indian equity benchmarks rose nearly 2 per cent on Thursday, capping a truncated trading week with their strongest weekly performance in over four years. The rally was sparked by renewed risk-on sentiment following progress in trade negotiations and expanded tariff exemptions.

IPO Pipeline Runs Dry In March, 1st In 2 Yrs

IPO Pipeline Runs Dry In March, 1st In 2 Yrs

Rediff.com   3 Apr 2025

Industry players said the sharp sell-off in February forced many companies to put off their listing plans

Despite market volatility, corporate fundraising at record high in FY25

Despite market volatility, corporate fundraising at record high in FY25

Rediff.com   28 Mar 2025

Fundraising by Indian companies through equity and debt reached an all-time high in the financial year 2024-25 (FY25), according to data collated by primedatabase.com. Fundraising through debt stood at Rs 11.1 trillion in FY25, including contributions from InvITs (infrastructure investment trusts) and REITs (real estate investment trusts).

D-Street puts up best weekly showing in years

D-Street puts up best weekly showing in years

Rediff.com   22 Mar 2025

The equity benchmark indices posted their strongest weekly gains in years, driven by bargain hunting and optimism over a reversal in foreign portfolio investor (FPI) outflows. The Sensex rose 558 points, or 0.7 per cent, on Friday to close at 76,906, while the Nifty 50 gained 160 points to end at 23,350. Over the past five sessions, both indices advanced around 4.3 per cent - marking the Sensex's best weekly performance since July 22, 2022, and the Nifty 50's strongest rally since February 5, 2021.

The Magnificent 7: FPIs' Wild Ride In Selloff

The Magnificent 7: FPIs' Wild Ride In Selloff

Rediff.com   20 Mar 2025

Since October, FPIs have offloaded Indian equities worth Rs 2.1 trillion.

'Scale Of Wealth Destruction Is Sudden And Sweeping'

'Scale Of Wealth Destruction Is Sudden And Sweeping'

Rediff.com   12 Mar 2025

618 companies were part of the billion dollar club when the markets reached all-time highs on September 26, 2024. That number has fallen to 500 following a $1 trillion wipeout in India's market capitalisation amid relentless selling by FPIs.

'Capital is flowing back to the US'

'Capital is flowing back to the US'

Rediff.com   27 Feb 2025

'Even if India is attractive, FPIs currently lack the funds to invest, as money is being redirected to the US.'

Rs 50K cr shares to unlock soon; sellers may sweat

Rs 50K cr shares to unlock soon; sellers may sweat

Rediff.com   25 Feb 2025

Shares worth over Rs 50,000 crore (or approximately $6 billion) are set to become freely tradable between now and April 10. Historically, such substantial volumes have been absorbed by a buoyant block-deal market.

Nifty May End In Red For Record 5th Month

Nifty May End In Red For Record 5th Month

Rediff.com   25 Feb 2025

The last time this happened was in 1996.

New Stocks Sink Below Issue Price

New Stocks Sink Below Issue Price

Rediff.com   20 Feb 2025

On average, stocks that debuted last year are down 37 per cent from their peak levels.

FPIs Sold $10 Bn Stocks In 2025 So Far

FPIs Sold $10 Bn Stocks In 2025 So Far

Rediff.com   14 Feb 2025

'Expect FPIs to continue selling for several months until the rupee stabilises.'

Rupee depreciation may exacerbate market sell-off if downtrend continues

Rupee depreciation may exacerbate market sell-off if downtrend continues

Rediff.com   21 Jan 2025

Rupee depreciation, if it continues, will likely pull the markets down further. Since September 2024, the rupee has declined by 3.1 per cent, the Nifty has dropped by 8.5 per cent during the same period, and the Sensex has fallen by 7.3 per cent. If the decline continues, markets will need to brace for more pain as it could push foreign portfolio investors (FPIs) to exit their positions faster than anticipated.

Rupee Slide Won't Crash Markets

Rupee Slide Won't Crash Markets

Rediff.com   14 Jan 2025

The markets need not tank every time the rupee depreciates sustainably over months.