ASSET QUALITY IS BACK TO HAUNT INDIAN BANKS

Posted on September 20, 2019 by Achiievers

It started with a credit warning by Moody’s on its Altico exposure but soon became a full-fledged sell-off on Indian stocks. Apart from Yes Bank, others like IndusInd Bank with large realty exposures also came under pressure. Auto stocks are Read more [...]

The second big fall in a single week

Posted on September 20, 2019 by Achiievers

Along expected lines Indian mutual funds will now give more time to Essel Group to settle its debts. Mutual funds gave the Essel Group additional time of 6 months to fully settle the dues of group companies. Last month, Chandra had sold a stake in Zee Read more [...]

FED RATE CUT, NOT TOO IMPRESSIVE

Posted on September 19, 2019 by Achiievers

The US markets reacted very tepidly to the Fed rate cut after the voting at 7:3 did not appear to be too convincing. Also the Fed did not provide any trajectory of future rate cuts and that left the markets disappointed. Banks and financials may Read more [...]

Fed cut the rates by 25 basis points

Posted on September 19, 2019 by Achiievers

Fed cut the rates by 25 basis points but Wall Street was far from impressed. Nifty and Sensex bounced higher but Wall Street ended flat on Fed rate cut. The Federal Reserve cut the US Fed rates by another 25 bps resulting in an overall cut of 50 bps in Read more [...]

FPIs continue to sell Indian equities

Posted on September 18, 2019 by Achiievers

It was a day when the Nifty and Sensex took a sharp hit but Wall Street ended higher on Tuesday. On a day when the Sensex corrected close to 650 points, the Dow and the NASDAQ ended in the positive. The difference was in the Saudi announcement that production Read more [...]

IT WAS AN OIL STORY ON MONDAY

Posted on September 17, 2019 by Achiievers

The markets on Monday were dominated by the 11% spike in crude oil prices, which would have added nearly 0.6% to the Current Account Deficit. The OMCs and the auto stocks were the worst hit by the oil spike. We do expect the NBFCs to continue to Read more [...]

Bank Officers Association has called for all-India strike

Posted on September 17, 2019 by Achiievers

The people problems in the bank mergers are beginning to show. Bank Officers Association has called for all-India strike on September 26 and 27 over bank mergers. Bank unions have strongly objected to the merging of 10 banks into 4 as it would lead to Read more [...]

REFORMS PACKAGE COULD BOOST MARKETS

Posted on September 16, 2019 by Achiievers

The weekend reforms package focusing on the housing and exports sector could be a major boost for the markets in the coming week. These were the stressed sectors and likely to specifically positive for low cost housing plays. The attacks on Saudi Read more [...]

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