MARKETS WOBBLE FURTHER ON WEDNESDAY

  • Achiievers

Markets resume trading on Friday after a trading break on Thursday. The pressure is expected to continue and most long positions may choose to be a little wary ahead of the weekend. Use market bounces to play on the short side. Rupee did show some...

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The big event in the coming

  • Achiievers

Valuation worries hit companies across the board ranging from Bajaj Finance to Zee and IndusInd Bank. HDFC twins closed the day below the psychological 200 DMA mark. HDFC AMC and Reliance Nippon AMC lost heavily on lower TER worries. All markets were...

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Nifty is back in sell mode

  • Achiievers

After a bounce last week, the Nifty is back in sell mode. Nifty fell by (-99) points on Monday to 11,279 on PSU merger worries. A day after the merger of BOB, Dena Bank and Vijaya Bank, the banking stocks reacted negatively. The BOB stock was down more...

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GOLDMAN DOWNGRADE SPOOKS THE NIFTY

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Nifty lost close to 140 points on Monday after Goldman Sachs downgraded Indian equities from Overweight to Market Weight. The worsening trade war between the US and China also took its toll on the markets. The rupee weakened sharply on Monday and...

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first of a round of mergers among PSU banks

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This could be the first of a round of mergers among PSU banks. Government triggered the process by proposing the merger of BOB, Vijaya Bank and Dena Bank. The idea of the merger is to make Indian PSU banks more scalable and competitive with a larger balance...

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NIFTY STAGES RECOVERY, BUT PRESSURE TO REMAIN

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The Nifty staged a smart recovery on the last two days of the week but it could be under pressure as the US intends to pursue its $200 billion worth of trade tariffs on China. That could gain raise the spectre of a global trade slowdown. There...

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Friday was almost a repeat of the Wednesday bounce

  • Achiievers

Friday was almost a repeat of the Wednesday bounce, just a lot sharper. A combination of short covering ahead of a favourable rupee policy buoyed the Nifty to higher levels. The bounce was led by stocks in the financials, pharma and oil space. Meanwhile,...

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IL&FS Fiasco

  • Achiievers

Has India once again been caught napping? When IL&FS defaulted on its ICD with SIDBI for the second time on Friday, the alarm bells surely started ringing. In fact the warnings were already out when IL&FS first defaulted on its ICD to SIDBI a...

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