Weekly Capsule (Feb 12 – Feb 16) and Impact Analysis

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News Announcement Impact Analysis PNB got embroiled in a $1.77 billion global fraud in its Mumbai branch The fraud pertains to illegal LOUs drawn by officials of PNB based on which other banks funded the Nirav Modi group The size...

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It is all about being in the right place at the right time

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Nearly about 10 years ago, Steel Authority of India Ltd. (SAIL) embarked on a massive plan of expansion of capacity as well as restructuring. Over the last 10 years, SAIL has paid a price in terms of stock market performance due to the huge investment...

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THEME FOR THE DAY: “PNB REMAINS THE BIG NIFTY OVERHANG”

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While the Nifty held on to the 10,500 levels on Wednesday, the big overhang was the sharp rise in NPAs of PSU banks and the $1.8 billion fraud at PNB. Both these are likely to dominate the market sentiments today also. As we had mentioned yesterday,...

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SEBI is readying a framework for issuance of P-Notes

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SEBI is readying a framework for issuance of P-Notes from the IFSC. As is well known, P-Notes are participatory notes issued by FIIs on behalf of clients who are not registered as FIIs in India and who want to maintain anonymity. SEBI has recently made...

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Midnight News Update – Feb 14th 2018

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SAIL managed to turn around to its first profit in the last 11 quarters as a more conducive steel market and a favourable government policy helped the steel industry to turn around. To the credit of SAIL, it has reduced excess labour and also undertaken...

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THEME FOR THE DAY: “HOW REAL IS THE MARKET BOUNCE?”

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That remains the million dollar question; how real is the market bounce from the Nifty level of 10,276 to above the 10,500 mark. The big overhang will be the US rate action going ahead, and that does not look favourable. There could be the big...

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