Daily Market Analysis – 9th Dec 2020
Equity markets scaled lifetime highs in November lead by optimism over the COVID-19 vaccine and surging inflows to emerging markets. The mutual funds industry too reached a new milestone with AUM touching Rs. 30 trillion as of November. While this is impressive, equity inflows were disappointing. Investors pulled around Rs 13,004 cr from equity funds in November which is three times higher...
Daily Market Analysis – 8th Dec 2020
Jet Airways is all set to restart the services from summer 2021 If everything goes as per plan and the consortium receives the NCLT and regulatory approvals on time.The new promoters, Murari Lal Jalan and Kalrock Capital intend to start domestic and international operations with all the slots that were available to the airline before it stopped operations.The new promoters contemplated...
Daily Market Analysis – 3rd Dec 2020
Ceat Tyres – Ceat tied up with Nissan to supply Securarange of tyres for Nissan magnite Model. Ceat is providing the best in class in these segments and the design is made in such a bay that they make less noise on-road and give a comfortable ride experience. These tie-ups help ceat to acquire more business in tyre segments.Hero MotoCop – due to lockdown and low availability of...
Daily Market Analysis – 2nd Dec 2020
Indian passenger vehicle sales rose for the 4th consecutive month as the demand, need for personal mobility solutions and sustainable income in rural areas continued to boost sales in November. Kia Motors spokesperson said that the customers from tier II, III, and IV markets too are acknowledging the need for personal mobility to maintain personal safety. Volumes at Kia rose to 50% to 21,022...
Daily Market Analysis – 1st Dec 2020
Sector Overview: Real Estate: Real Estate Prices have fallen continually in the Pandemic. 10%-15% discounts are being offered by Developers in the Mumbai Metropolitan Region (MMR) on the new launches. Inventory is the major reason which is stated to bring down these prices so drastically. Inventory levels are at historically high levels.A new challenge seems to be cropping up for the...
Daily Market Analysis – 30th Nov 2020
IRDA gave approval for the merger of Bharti Axa General with ICICI Lombard. The deal would help ICICI Lombard become the third-largest non-life insurer. The merged business will have a market share of around 8.7 percent on a Pro-forma basis. Bharti Enterprises currently owns a 51 percent stake in Bharti AXA General Insurance, while French insurer AXA has 49 percent. Post demerger, Bharti AXA...
Daily Market Analysis – 27th Nov 2020
Paytm Money is planning to introduce loans against mutual funds and invested stocks. The main reason why they are mulling over the idea is to provide short term liquidity to its customers. The interest rate is expected to be competitive at 10.5% with a nominal processing fee. The Moratorium on LVB has now completed i.e customers of the bank can now withdraw more than 25,000. The...
Daily Market Analysis – 26th Nov 2020
Cabinet approves RBI’s proposal to merge Lakshmi Vilas Bank with DBS Bank. As part of the amalgamation, DBIL will infuse fresh capital of ₹2,500 crores into LVB. Analysts and Global Credit Rating Agencies have applauded RBI’s move and said that it will benefit both parties. Amazon Launches Amazon Pharmacy, a delivery service for prescription medications. While Amazon Pharmacy looks to be a...
Daily Market Analysis – 25th Nov 2020
Is your money stuck in Franklin Templeton’s (FT)debt scheme? Well, guess what, there is still time before you can see your money. FT had moved to the Supreme Court against the Karnataka High Court Order. Lost money in the Karvy Fiasco? Good news – NSE has declared Karvy as a defaulter, paving the way for its clients of the troubled broking firm to make claims with the exchange...
