Uday Kotak says time to reelok resolution policy as RCap auction hits roadblock
The plan of debt-ridden Reliance Capital’s lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not inclined to another round under the insolvency resolution process, PTI reported quoting sources. Meanwhile, the Supreme Court (SC) has listed the matter regarding the second auction for hearing in August.
Despite removal of tax benefit, debt MFs are still attractive investments; Dhirendra Kumar explains why
Debt mutual funds are still attractive as they allow tax deferral, diversification and on-demand money access, says Dhirendra Kumar, CEO of Value Research. Changes to the tax bill mean any returns from mutual funds or bank deposits will be considered taxable income. The advantages of PPF, post office or MIP schemes are their assured returns, […]
Death Crossovers: These 7 stocks signal further bearishness
In the NSE list of stocks, seven stocks with a market cap of over Rs 1,000 crore have been witnessing death crossovers
Aurobindo Pharma among 7 stocks that closed above their 200 DMAs
Seven stocks on the NSE list, with a market cap exceeding Rs 250 crore, closed above their 200 DMA on March 24, according to stockedge.com’s technical scan data.
ETMarkets Smart Talk: Deploy 50% in largecap equities & 30% in govt bonds, 10% in gold & rest in cash: Siddarth Bhamre
By now most of us know that the SVB fiasco was a clear case of asset-liability mismatch. Smaller the bank higher the chances of ALM when any asset class shows an unusually large move — in this case it was ‘interest rates’.
ETMarkets Fund Manager Talk: It’s a futile exercise to predict market moves in the short term: Deepak Shenoy, Capitalmind
Our flagship portfolio, Capitalmind Momentum smallcase has delivered a negative 2% return which is in line with Nifty index. Over the longer term, the strategy beats the Nifty TRI index with decent alpha.
Big Movers on D-St: What should investors do with Cyient, Campus Activewear and Aarti Drugs?
On the longer timeframe, there was a breakout of double-bottom formation, which suggests much more potential upside in this counter while on the shorter time frame, it is travelling on a channel formation pattern.
Dollar steady as banking crisis fears keep investors jittery
The dollar index, which measures the currency against six rivals, was up 0.078% at 103.060, having gained 0.5% on Friday amid banking jitters, with shares of Deutsche Bank sliding nearly 9%.
Reliance Capital lenders fear recovery below liquidation value
Lenders of bankrupt Reliance Capital fear their loan recovery could fall below the liquidation value of `12,500-13,000 crore for the financial services company since both bidders, Hinduja Group and Torrent Investments, are reluctant to improve their offers, bankers dealing with the matter said.
Nifty to remain under pressure, support at 16,800: Analysts
Nifty is below all its significant averages. 16,750 will be a crucial support zone. If breached, the index could witness further selling towards 16,600-16,550. On the upside, 17,150-17,190 will act as immediate hurdle. A surge above could witness short covering towards 17,380-17,450 levels.