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Wednesday, April 26, 2023
Monday, April 24, 2023
According to the Reserve Bank of India (RBI) data, the gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) declined to 4.5 percent in December 2022 from 6.5 percent a year ago. According to RBI rules, a loan is classified as NPA if there is no repayment of principal or interest for a period of 90 days. Banks have to set aside money, called provisions, against such loans. This impacts their profitability.
Friday, April 21, 2023
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#HindUniLvr Future April Buy 5 Lots At 2500 Now Cmp: 2500 Lot Size: 300 Total Quantity: 1500 Hold For Best Returns...#Metals Are Worst Hit Today..
Sharply Went Down.. Still Facing Worst Phase Now.. All Eyes On Results Of #RelianceIndustries #Reliance #Banking #NBFC #Financial Sectors Are Showing STRENGTH .... Hold Given All Positions Tightly Join My Hand For Investment Profit Plan, CallThursday, April 20, 2023
Cigarettes-to-hotels conglomerate ITC Ltd became the 11th listed Indian company to cross Rs 5 trillion market capitalisation after its shares touched a record high with a 21 percent surge so far this year.
The stock hit a record high of Rs 402.60 on BSE and gained as much as 1.1 percent intraday. At 9.30am, the stock traded at Rs 402.30, up 1.2 percent from its previous close, while its market cap stood at Rs5.01 trillion.
Earlier, Reliance Industries Ltd, Tata Consultancy Services Ltd, HDFC Ltd, Infosys Ltd, ICICI Bank Ltd, Hindustan Unilever Ltd, Life Insurance Corp Of India, State Bank of India, HDFC Ltd and Bharti Airtel Ltd have achieved this milestone.
Wednesday, April 19, 2023
Gold prices are lower near midday Wednesday but have posted a significant rebound from the early-session low. Silver prices are modestly up after also seeing solid losses in early dealings. The U.S. dollar index has lost most of its earlier good daily gains, which has given the metals market bulls some confidence to step in to buy today’s price dips. However, rising U.S. Treasury and European bond yields, as well as lower crude oil prices, are keeping the precious metals depressed today. June gold was last down $14.20 at $2,005.30 and May silver was up $0.117 at $25.38.
The US dollar may not go down much against other currencies in the near future as the potential for further rate hikes are there and flight to safety during uncertainties.
The Indian rupee may gain some ground due to year end repatriations and once the supply dwindles the currency may become weaker again.
The US dollar has conceded some ground to the other major currencies compared to the levels that were prevailing almost a month back.
"The first is that the potential for further rate hikes in the US is still open, and with inflation remaining stubbornly high the probability of higher rates too is high. In such a situation, the US Dollar may not lose ground,"
Investors that follow the "sell in May and go away" investment strategy could miss out on a summer rally in the stock market later this year, according to a Tuesday note from Bank of America.
"Seasonality back to 1928 shows that May through October has the lowest average and median returns of any six-month period of the year with the S&P 500 up 65% of the time on an average return of 2.16% (3.11% median)," BofA technical strategist Stephen Suttmeier said.
The fact that the average and median gains for the stock market are not negative during the "sell in May and go away" time frame, the strategy "leaves much to be desired," Suttmeier said.
In addition, stocks have historically shown signs of strength during summer months, especially in the third year of a presidential cycle.
"May can be a weak month for the S&P 500, but if you 'sell in May and go away' you could miss a Summer rally," Suttmeier said.
Since 1928, June and August show solid average returns of nearly 1% and are both up nearly 60% of the time, while July has delivered an average return of 1.67% and is up 60% of the time.
That contrasts with the months of May and September, which have delivered average returns of -0.04% and -1.16%, respectively.
And during the third year of a presidential cycle, the S&P 500 has generated an average return of 3.26% from June to August and is up 70% of the time.
"Monthly seasonality suggests selling in the strong month of April, buying weakness in the risk-off month of May ahead of a summer rally and selling in July to August prior to September, which is the weakest month of the year," Suttmeier said. "Instead of 'sell in May and go away' it should be 'buy in May and sell July/August.'"
Monday, April 17, 2023
Thursday, April 13, 2023
The India Volatility Index, or India VIX, commonly known as the “fear index,” is close to a 20-month low, indicating that investors are bullish in their outlook for the stock market.
The reason VIX is called the “fear index” is because it is a measure of the expected volatility in the index over the next 30 days. Simply put, it reflects the market's expectation for how much an underlying asset will fluctuate, based on the prices of options contracts traded on the asset.
Last week, the India VIX fell to 11.79 points, the lowest level since July 2021. So far in April alone, the VIX has fallen 20 percent.
A low VIX reading is generally interpreted as a sign of investor confidence and market stability whereas a high VIX generally indicates that investors are worried about big price moves on the downside.
Tuesday, April 11, 2023
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