Day Trading Stocks & Futures

[XRAY27]

You just had a 4 sigma move

Hmm , let see...

 

[cinderblock]

Feynman would be the first to know AND understand.

Knowing something does not preclude understanding of it.

 

[john302928]

John bro, let's see what you got!

Think you can shake me out this expiry? - I mean monthly expiry.

bro i dont know which direction you are aiming for. even then i am just a kid when compared to market. May be market can give the answer that you are expecting

 

[travi]

Minimum ticket size for PMS portfolio is being increased from Rs 25 Lakhs currently to Rs 50 Lakhs....SEBI to announce these decisions in the evening after markets...

ST

hurray, SEBI once again comes to ruin the day

so no NS carry today,
and BPCL new DH. looks like many will go for petrol pumps with their holdings

Edit: still lower level buying good in indices

 

[XRAY27]

hope loss in 9 trades recovered in good % ....

Hmm,Recovery with reduced qty..as SL hit my first level delta..let’s see how many series it takes


Sent from my iPhone using Tapatalk

 

[vikas2131]

 

[vikas2131]

Cnx Midcap

 

[siddhant4u]

hopefully something materialise this time. India already lost so much opportunity to get benefited from trade war. Many companies moved to likes of Malaysia and Vietnam.


Govt plans to offer incentives to 324 companies including Tesla and Glaxo: Report
Under the plan, the government will create a land bank for ready-to-move-in industrial clusters, offer investment and location-based incentives and rationalize anti-dumping duties.


https://www.hindustantimes.com/busi...a-and-glaxo/story-g0H6q9BtVqGL3YZ5l8OYGL.html

 

[siddhant4u]

Piramal group under debt trouble? if not now, could be soon...

https://www.bloomberg.com/news/arti...-on-debt-contract-after-offering-to-pay-early

Piramal Gets Waiver on Debt Contract After Offering to Pay Early
Piramal Enterprises Ltd., a company controlled by Indian billionaire Ajay Piramal, has offered to repay a 15 billion rupee ($208 million) debt to Standard Chartered Plc. early after getting a waiver on a covenant, according to people with knowledge of the matter.



The flagship company of the group -- which runs non-bank financiers and a drug maker -- hasn’t furnished additional security, as mandated, for the 9.5% notes maturing in January, the people said, asking not to be identified citing rules. Piramal has offered to repay the debt using money raised from a preference issue to Canadian pension fund Caisse de Depot et Placement du Quebec, and from other sources, the people said.

Piramal Enterprises’ shares gained for a second day, paring the year-to-date loss to 25%.

Piramal Capital & Housing Finance Ltd. and Piramal Realty Ltd. had their ratings cut this year with assessors citing heightened refinancing risk for property developers for the move.

Piramal Enterprises, which is in the process of raising about $770 million through a rights offer, and debentures to shore up finances, is also in discussions for a fresh bridge loan from Standard Chartered once the debt is repaid using its holdings in the Shriram group as collateral, one of the people said.

“We assure you that the funding arrangements for repayment of the NCDs are already in place and there is absolutely no concern on the same,” the company said in the email, referring to the non-convertible debentures.

 

[siddhant4u]

State-run banks report fraud of more than $13 billion in 6 months

State-run banks reported fraud worth 958 billion rupees ($13.3 billion) from April to end-September of this year, the country’s finance minister said on Tuesday, as the government struggles to help banks recoup losses, said a Reuters report.

State banks reported 5,743 cases of fraud in the period, most of which had taken place over the last several years, although 1,000 cases worth 25 billion rupees had just taken place, Nirmala Sitharaman told the upper house of parliament.

https://www.moneycontrol.com/news/b...leeping-top-12-things-to-know-66-4654911.html

well, well, well.... last year figure anyone?? it was 71,000 Cr and in first six month of this financial year, its already crossed 95,700 Cr !! That's 117Rs per month per person !

One can argue the detection of fraud is going up, but it's also same as bank frauds are easier now with so much loans being sectioned. Before anyone blame govt from 6 yr, the average time gap in the date of occurrence of fraud and its detection was 22 months, the RBI said in its annual report ( 2018-19).

The number of frauds reported by banks in 2018-19 increased 15 per cent on a year-on-year basis to 6,801 cases from 5,916 cases a year ago. And, the total amount involved in the frauds was to tune of Rs 71,542.93 crore in 2018-19 as compared to Rs 41,167.04 crore in 2017-18, a 73.8 per cent increase.

The public sector banks accounted for 90.2 per cent of the amount that was involved in fraud in 2018-19, while the private sector banks accounted for 7.7 per cent, and the foreign banks accounted for 1.3 per cent. In terms of the number of frauds, share of public sector banks is 55.4 per cent, private banks 30.7 per cent share, and foreign banks 11.2 per cent.