Daily Market Analysis – 23rd Nov 2020
RBI panel’s proposal to allow large companies and shadow lenders into banking services According to the latest recommendations of an internal working group of RBI released on 20th November 2020, non-bank lenders with asset sizes of more than Rs. 50,000 crore should be allowed to convert into banks, provided they have completed 10 years of operation. With the latest development on the...
Daily Market Analysis – 20th Nov 2020
The arrival of a prospective Pfizer and BioNtech vaccine might affect the dollar rates negatively. The Dollar is the safe haven for many investors and savers in times of stress will sink down by 3-6 percent as an economic rebound tends to occur. This is because withthe introduction of the vaccine, there will be greater confidence in the global economy encouraging investors to select riskier...
Daily Market Analysis – 19th Nov 2020
The supreme court case, Tata vs Mistry, in which Shapoorji Pallonji (SP Group)- the largest non-Tata stakeholder, has asked to retract their share in Tata Sons and swap it for a pro-rata stake, will have a court judgment on 2nd December 2020. Tata may offer as much as ₹21,900 crore upfront to buy a part of the Mistry family’s 18.4% stake in the Tata group holding company. A major part of the...
Daily Market Analysis – 18th Nov 2020
HDFC Mutual Fund New CEO Navneet Munot Munot who was an earlier chief investment officer at SBI Mutual Fund will be succeeding Minlind Barbe who has been MD and CEO of HDFC AMC since inception in 2000.DBI Mutual Fund overtook HDFC AMC to become India’s largest asset manager in the last quarter of the financial year 2019-20. The key scheme of HDFC AMC has lagged their peers in recent...
Daily Market Analysis – 12th Nov 2020
Govt announced the PLI scheme, finance minister Nirmala Sitharaman addresses the media. In a momentous push to make India a manufacturing hub, the Modi govt has approved the Production-Linked Incentive (PLI) scheme to 10 more key sectors after mobile, electronic components, and pharma sectors. The total financial outlay stands at about Rs 2 lakh crore.#AatmaNirbharBharat GDP...
Daily Market Analysis – 10th Nov 2020
Tata Steel to lift 45,000 tonnes metal from Hind Zinc in Atmanirbhar move Tata Steel, the country’s oldest producer, has signed a Memorandum of Understanding to procure its complete domestic zinc requirements from Hindustan Zinc, India’s largest and the world’s fifth-largest zinc producer. Under this MoU, Hindustan Zinc will cater to both Tata Steel & Tata Steel BSL...
Daily Market Analysis – 9th Nov 2020
Post Joe Biden’s selection as U.S President, there is positivity in the Indian stock market. The Indian pharma sector will expect to benefit from Biden as he proposes affordable health insurance by protecting and strengthening The Affordable Care Act, which ensures a reduction in healthcare costs and access to health insurance for Americans. Gold and Silver rallied for the same...
Daily Market Analysis – 4th Nov 2020
NABARD gives clean chit to Reliance Commercial Finance Government owned National Bank for Agriculture and Rural Development (NABARD), the second-largest lender to Reliance Commercial Finance Limited with over Rs 1,100 crore of secured loan exposure, has given it a clean chit and has removed its red flag. NABARD had classified the account of RCF as a red flag on February 25, 2020....
Daily Market Analysis – 3rd Nov 2020
India’s October factory growth at decade high India’s factory activity expanded at its fastest pace in over a decade in October as demand and output continued to recover strongly from corona virus-related disruptions. Companies were convinced that the resurgence in sales will be sustained in coming months, as indicated by a strong upturn in input buying amid restocking...
