Daily Market Analysis – 26th May 2021 (Bonds)
HDFC to raise up to ₹7,000 crore by issuing bonds HDFC is looking to raise up to ₹7,000 crores by issuing secured redeemable non-convertible debentures (NCDs) with a base size of ₹5,000 crores and an option to retain oversubscription of up to ₹2,000 crores. The issue of the bonds opens on May 28, 2021, and will close on the same day. The mortgage lender will offer a coupon rate of 6% p.a...
Daily Market Analysis – 25th May 2021 (Growth)
SBI’s corp loan book hints at a change in market growth dynamics- India’s largest lender, State Bank of India, posted a total corporate credit growth of 2.6% in FY21, including loans and debt investments such as bonds and commercial papers; however, if only loans are considered, SBI’s corporate book contracted 3%. Indian banks are realizing that to be able to see any...
Daily Market Analysis – 24th May 2021 (Economy)
RBI surplus to Centre likely to impact economy markets and banks RBI’s decision to transfer ₹991 bn to the government, while higher than expected, is still within the realms of keeping the contingency risk buffer at 5.5% of the RBI’s Balance Sheet. RBI has ensured that the additional liquidity that it’s bringing into the system through the government’s balance sheet is coming at a time...
Daily Market Analysis – 19th May 2021 (Inflation)
Inflation and its impact on an overall economy Retail Inflation in April is 4.3% which is well within the range of RBI. Inflation is measured by the CPI and the wholesale price index (WPI). The CPI measures changes in prices of essential commodities at the consumer level, while the WPI notes changes at the producer level.The commodities considered for measuring the WPI are manufactured...
Daily Market Analysis – 18th May 2021 (WPI)
WPI Shoots up to 11-year high The WPI or the Wholesale Price Inflation shot up to an 11 year high of 10.49% in April as compared to 7.39% in March 2021. The steep climb in wholesale prices is witnessed due to the hardening of global commodity prices. The official release states that the rate of inflation is primarily high due to the rise in prices of crude petroleum, mineral oils viz...
Daily Market Analysis – 14th May 2021 (Stocks)
Value Stocks vs Growth Stocks – US Markets Value stocks have beaten the growth stocks by about 13% in the latest data as per the Russell 1000 Value Index vs Russell 1000 Growth Index. The reason for the outperformance could be the lower valuation and lower PE that the value stocks were trading at. Alternatively, there exists a massive opportunity in the technology space and...
Daily Market Analysis – 13th May 2021
PLI scheme for promoting ACC battery manufacturing : Govt approves Rs. 18100Cr in PLI scheme for manufacturing Advanced Chemistry Cell (ACC) battery with the objective of promoting Make in India initiative. The proposal aims to achieve manufacturing of 50 gigawatts of battery storage, he said, adding, these incentives will be available to those companies having higher production...
Daily Market Analysis – 10th May 2021
1. Dogecoin, Cryptocurrency The cryptocurrency “meme coin” Dogecoin was created in 2013 as a joke poking fun at the surge in other digital coins. The latest surge has pushed Dogecoin’s market capitalization to $62 billion, which means it’s valued more highly than Ford and Twitter. In 2021, it has surged from less than half a penny to a record of nearly 75 cents....
Daily Market Analysis – 7th May 2021
Fincare Small Finance Bank is going to file for IPO this week. It is one of the 10 microfinance institutions to receive the RBI nod to convert into a small finance bank. RBI mandates SFBs to list within 3 years of reaching a net worth of Rs.500 crores. Accordingly, Fincare has till Sept 2021 to get itself listed. Ranging between Rs.1200-Rs.1400 crore, the issue will comprise of fresh issue...
